India to establish new petchem park in Kochi
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.
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