BPCL, MPL Will Setup Largest Polyurethane Manufacturing Plant Kerla, Kochi

Bharat Petroleum, Manali Petrochemicals to build polyurethane plant in Kochi, India

6:35 AM, 5th August 2013
BPCL Business News

MUMBAI, INDIA: Bharat Petroleum Corporation Limited (BPCL), Indian state owned oil company, and Manali Petrochemicals Limited (MPL), Chennai (India) based petrochemical player, are in talks to set up India’s single largest polyurethane manufacturing plant in Kerala. The project will spread over in 150 acres of land next to the BPCL’s existing facility at Kochi, Kerala, India. Both companies holding 50 per cent stake each in the new joint venture. A pre-feasibility report is being prepared. The new indigenous plant is expected to go on stream by January 2017.
“We are in preliminary talks with Manali Petrochemicals for propelynoxide. This would be separate from our plans with LG Chemicals. Discussion with LG Chemicals on a petrochemical plant is going slow. In fact, we fear, we may have to look at partners beyond LG Chemicals for their petrochemical plant at Kochi,” confirmed a BPCL official. However, R K Singh, Chairman and Managing Director, BPCL, declined being in talks with Manali Petrochemicals.

 

© Business Standard News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Barack Obama orders for review of chemical safety rules

WASHINGTON DC, US: Barack Obama, US President ordered federal agencies on 1 August 2013 to review chemical safety rules following a deadly fertilizer ...

Read more
Freon 22 leakage in containers ashore Kasargod, India

KASARGOD, INDIA: Officials have spotted the remains of tanker ships off the coast of Berika beach, Kasargod, Kerala, India. The containers were found ...

Read more
Mega container ships disaster, major threat to marine environment

MOSCOW, RUSSIA: A report compiled by Voytenko Mikhail, editor-in-chief, Maritime Bulletin, presents a detailed opinion about MOL Comfort disaster. Acc ...

Read more
Oman Refineries to float tender for Liwa FEED contract

MUSCAT, OMAN: Oman Refineries and Petroleum Industries Company (Orpic) is planning to float a tender to appoint a consultant for front-engine engineer ...

Read more
New technique uses sunlight to split water into hydrogen, oxygen

COLORADO, US: A research team by University of Colorado Boulder has developed a radically new technique that uses the power of sunlight to efficiently ...

Read more
Ineos ChlorVinyls sells UK packed chlorine business to 2M

ROLLE, SWITZERLAND: Ineos ChlorVinyls has completed the sale of UK packed chlorine business to 2M Group Limited. The value of the deal is not disclose ...

Read more