Bharat Petroleum Corporation (BPCL) is set to begin work on the Rs 14,000-crore integrated refinery expansion project at its Kochi facility.
BPCL roped in LG Chemicals of South Korea as its joint venture partner for the petrochemicals complex, which will use propylene from the expanded facility to produce acrylates, phenol and superabsorbent polymer.
The project would make the facility the largest public sector refinery in the country with an annual capacity of 15.5 million tonne. It signals the establishment of KeralaÂ’s first petrochemicals complex involving an investment of Rs 6,000 crore.
In November last year, the company received environmental clearance for the integrated refinery expansion, which also involves equipping the refinery with capacity to produce Euro IV/V-compliant auto fuels.
Stone & Webster of the US will provide technology for the refineryÂ’s fluidised catalytic unit. Lummus Corporation, US, is the technology provider for the delayed coker unit and Halder Topsoe of Denmark for the diesel hydro-treater unit.
It may be noted that Kerala government signed an agreement with the BPCL on the sidelines of the Emerging Kerala Summit 2012 in September for providing incentives such as the deferment of taxes for the project.
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