India to establish new petchem park in Kochi
by ChemOrbis Editorial Team - content@chemorbis.com
According to the country’s local media reports, several major producers are planning to invest in the new petrochemical park, which is being established by India’s Kerala Industrial Infrastructure Development Corporation in Kochi, India.
The media reported that Japan’s Mitsubishi Corp. and Germany-based BASF have already showed their interest in investing in the new petrochemical park.
Accordingly, the park is expected to include downstream units in various sizes, which will use feedstock provided from BPCL Kochi Refinery. With an investment of around $792 million, the refinery is expected to be completed by 2019.
The new complex is expected to reduce supply and transportation costs as the new units will be set up in the area.
Meanwhile, the Indian government officials will reportedly organize a meeting on December 18 in Kerala to reveal the new petrochemical park’s investment opportunities along with its downstream and infrastructure facilities to attract investors.
The media reported that Japan’s Mitsubishi Corp. and Germany-based BASF have already showed their interest in investing in the new petrochemical park.
Accordingly, the park is expected to include downstream units in various sizes, which will use feedstock provided from BPCL Kochi Refinery. With an investment of around $792 million, the refinery is expected to be completed by 2019.
The new complex is expected to reduce supply and transportation costs as the new units will be set up in the area.
Meanwhile, the Indian government officials will reportedly organize a meeting on December 18 in Kerala to reveal the new petrochemical park’s investment opportunities along with its downstream and infrastructure facilities to attract investors.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Southeast Asian PVC markets supported by Indian demand
- Gradually returning demand offers glimmer of hope in polymer markets
- What propels PE prices higher in China?
- Vietnam PP, PE markets keep rising but some cautiousness remains
- Malaysia PP exports almost triple in February
- Spot ethylene markets rally on diminishing supply in Asia, Europe
- Will European PP markets change direction after 3 months?
- Turkish PP, PE players leaving market for holiday with firm post-Eid expectations
- June PVC hikes exceed expectations in Asia, sustainability under discussion
- Import PS, ABS markets recover amid upstream gains in Egypt
