(plastemart) -- The state of West Bengal has shelved its commitment to building a petrochemical zone at Haldia, the Department of Chemicals and Petrochemicals has found a new project partner in Kerala.
A PCPIR is being proposed in the Southern Indian state of Kerala, with Bharat Petroleum Corporation Ltd as the anchor tenant or the main refiner. The Kerala government has submitted a formal proposal to the Ministry of Chemicals & Fertilizers to set up a petrochemical zone or a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) in Kochi. The PCPIR will be in close proximity to BPCL’s refinery at Kochi, which is expanding its refining capacity from 9.5 mln tpa to 15.5 mtpa.
According to official sources, project will cost about Rs 9,000 crore, which includes cost of land, internal and external infrastructure, road and rail linkages, and setting up water supply systems. With the increased crude capacity of 15.5 mtpa, the refinery will produce 5,00,000 tons of propylene a year, in addition to various fuels, such as liquefied petroleum gas (LPG), high speed diesel (HSD), kerosene, aviation turbine fuel (ATF), petroleum coke, bitumen, etc. Sources said that by utilising the propylene, BPCL plans to establish joint venture companies for production of various base materials. As MRC reported earlier, in late September Bharat Petroleum has signed a MoU for its expansion project and the setting up of a petrochemical joint venture to be implemented in three years time at Kochi. The company will invest Rs.14,225 crore in its Integrated Refinery Expansion Project (IREP) at the Kochi Refinery and Rs.5000 cr for setting up a petrochemical joint venture.
Bharat Petroleum Corporation Limited (BPCL) is an Indian state-controlled oil and gas company headquartered in Mumbai, India. Bharat Petroleum owns refineries at Mumbai, Maharashtra and Kochi, Kerala (Kochi Refineries) with a capacity of 12 and 9.5 million metric tonnes per year.
MRC