MoU signed between Kerala government and FACT to establish petrochemical park at Kochi
A MoU for setting up a Rs 1,800 crore petrochemical park at Kochi, with the aim of making the port city a hub in the petrochemical production chain, was inked by the Kerala government and fertilizer major FACT, owned by the Centre. It will come up in 481 acres of land owned by the Fertilisers and Chemicals Travancore, the state government said. The park was aimed at making Kochi a hub in petrochemical production chain on par with Jurong in Singapore and industrial complexes in South Korea, it said.
The project, which will be developed by Kerala Infrastructure Development Corporation (KINFRA), will foster an environment for industries that use them by- product of Bharat Petroleum Corporation Ltd (BPCL).
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