In a new industrial development policy Kochi is in top list for getting allotment of new petrochemical complex. The planning is on very initial stage and not much has been dislosed by the government yet. One of the projects that stands out in the draft is the proposed propylene derivatives petrochemical complex for speciality derivatives like acrylic acids and acrylates used in plastics, paints, coatings, adhesives, inks and textiles.
The draft proposes to set up the unit on 600 acres to be acquired from the Central public sector Fertilizers and Chemicals Travancore. The petrochemical complex will use five lakh tonnes of propylene expected from the expanded Kochi refinery under the Bharat Petroleum Corporation.
