Petrochemical,Petrochemical sector projects by Bharat Petroleum Corporation Limited in Kochi
Project Information
5518
Bharat Petroleum Corporation Limited
BPCL Along With MPL Will Set Up A Rs 3,000 Crore Polyurethane Project In Kerala. A Senior Official, Who Is Directly Involved In The Project, Said BPCL And MPL Have Decided To Go Ahead With The Project. The Capacity Of The Project Would Be Increased To 3,50,000 Tonnes. The Original Plan Was To Set Up A 2,50,000 To 3,00,000 Tonnes Capacity Plant With An Investment Of Around Rs 2,500-3,000 Crore.
BPCL Is In Talks With MPL, To Float A Joint Venture In Which Few Foreign Companies Are Expected To Participate, To Set Up The Project. The Project Will Be India’s Single Largest Polyurethane (PU) Manufacturing Plant," A Senior BPCL Executive Said.
Both Partners Would Finalise The Structure By Mid-January Or Before January-End And Will Hold A 50 Per Cent Stake Each In The New JV. A Pre-Feasibility Report Is Being Prepared.
The JV Partners Are Also Considering To Dilute Around Five Per Cent Stake To The Technology Provider And Similar Per Cent Age Stake To A Trading Company. The Project Will Be Spread Over 150 Acres Of Land Next To The BPCLs Existing Facility At Kochi, Kerala.
Another BPCL Official Said The Company Is In Talks With Global Players To Source Technology From Licensors For Polyurethane (PU) Project.
The New Indigenous Plant Is Expected To Go On Stream By January, 2017, And Will Cater To Industries Such As Automobile, Foams & Mattresses, Ancillaries, Paints & Inks, Insulations, Refrigeration And A Host Of Other Applications.
Project Value
INR 3000 Crore /-
Conceptual Stage
Kochi
Kerala
India
Petrochemical,Petrochemical
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