The Kerala government is organising a petrochemical investors’ meet here on December 18 to showcase the opportunities being opened up by the new Petrochemical Park.

Potential investors and customers will get an insight on the downstream opportunities based on feedstock available from BPCL Kochi Refineries’ upcoming petro-chemcial project, which is expected to be commissioned in early 2019.

Seminar

A seminar will highlight the investment opportunities, infrastructure facilities and utilities available, downstream possibilities, product demand, potential markets available.

The Petrochemical Park is being promoted jointly by the State government, KSIDC, Kinfra and the BPCL-KR in about 480 acres purchased from FACT. The objective of setting up the park is to assist downstream units that can utilize the niche petrochemical products from BPCL Kochi Refinery for manufacturing number of products like adhesives, plasticisers, water based chemicals, sealants etc.

Anchor investor

KA Santosh Kumar, Managing Director, Kinfra, told reporters that BPCL would be the anchor investor in the park, as they have agreed to utilise 150 acres. Many pharma companies have also evinced interest in setting up manufacturing base for generic drugs, especially with the availability of requisite raw materials from the upcoming petrochemical project.

Moreover, GST has facilitated many of these companies to shift their manufacturing base to Kerala due to the withdrawal of tax benefits in the production centres in the new regime.

The ₹5200-crore Propylene Derivative Petrochemical project will make available speciality petrochemicals such as Acrylic Acid, Butyl Acrylate, Ethyl Hexyl Acrylate, Normal Butanol, Iso Butanol and Ethyl Hexanol.

These and other raw materials produced at the unit can be used by downstream companies for manufacture of a range of products including acrylic paints, solvents, coatings, adhesives and resins.

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