Bharat Petroleum Corporation Ltd. (BPCL – Kochi Refinery) signed a memorandum of understanding (MoU) with Kerala industrial corporation as part of the establishment of a petrochemical park on 482 acres at Ambalamedu by 2024.
The project aims to develop a cluster of micro, small and medium enterprises (MSMEs) that use the propylene derivative by-products of BPCL – Kochi Refinery as raw material to manufacture consumer products, according to a release.
The land for the project at Ambalamedu was taken over by the government from Fertilizers and Chemicals Travancore Ltd (FACT).
Of the 482 acres, the government has leased out 171 acres to BPCL. Around 250 acres will be set apart for petrochemical units.
The industrial corporation will provide water, power, waste treatment plant, GAIL piped natural gas, and other amenities.