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Work on BPCL’s propylene derivative petrochemicals unit nears completion

Friday, 21 Jun 2019
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The Bharat Petroleum Corporation (BPCL) is setting up a propylene derivative petrochemicals unit adjacent to BPCL's Kochi refinery complex in Ernakulam district of Kerala. The project worth Rs 11,130 crore will spread over 150 acre of land.

It is being set up by BPCL and Manali Petrochemicals in a joint venture (JV). BPCL will have 50 percent stake in the project. The project will comprise products like Glacial Acrylic Acid with 47,000 tpa capacity, Butyl Acrylate with a capacity of 1,80,000, acrylate unit with a capacity of 1,90,000 tpa, among others.

The park will house micro, small and medium downstream petrochemical units that can use raw materials available from BPCL Kochi Refinery's upcoming propylene derivative petrochemical project (PDPP). The petrochemical park will have common facilities like power, water, road and effluent treatment.

The Kerala State Industrial Development Corporation (KSIDC) will be the facilitator for the project and provide financial assistance to set up units with floating interest rates. In April 2013, MoEF granted terms of reference (ToR) for the project.

In January 2014, the company signed a JV agreement with Manali Petrochemicals, where both the partners are likely to hold 50 percent stake each. In May 2015, MoEF&CC accorded approvals for the project and land was acquired.

As per the latest development available with Projects Today, work on the project is nearing completion with completion re-scheduled for June 2019.

 
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