To set up an export-oriented oil refinery or an oil trading hub, the Cochin Port Trust has invited expression of interest (EoI) from companies. The oil trading hub is to come up in the proposed outer harbour area.
The Cochin Port Trust’s invitation for EoI, which closes on December 31, comes with a rider that the call did not bring it under any obligation to go ahead with the project.
On the north and south sides of the approach channel to the Cochin Port, the port authorityÂ’s plan is to build two breakwaters and reclaim about 2,600 acres inside the north breakwater, the eastern boundary of the proposed reclamation area running along the Puthuvype Special Economic Zone.
Another 650 acres will be reclaimed inside the south breakwater, off the coast of Fort Kochi.
The portÂ’s plan for either a refinery or an oil trading hub in the outer harbour area is subject to environmental clearance.
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