KINFRA to set up Rs 1,864 crore petrochemical park

Kerala Industrial Infrastructure Development Corporation (KINFRA), a nodal agency that aims at bringing together all the resources available in the state and developing infrastructure to woo the industrial growth, has announced that it has obtained in principle approval from the state government for setting up Rs 1,864 crore petrochemical park.

The petrochemical park is proposed to be set up across 600 acres of land to be procured from FACT at Ambalamugal, Kochi, which already has a large refinery, fertilizer and chemical factories besides LNG terminal & gas pipeline network being established and a bulk terminal and international container transshipment Terminal (ICTT). The cost includes the cost of land and cost of internal infrastructure, a KINFRA release said.

The proposal assumes significance in view of the expansion proposal of BPCL, nearness to the port and natural gas infrastructure at the location, KINFRA Managing Director M Beena said in the release.

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