The propylene derivatives petrochemical complex project will help generate 5,00,000 metric tons per year (MTPA) of propylene. Propylene is one of the main raw materials for petrochemicals. With this capacity, BPCL is strategically entering the petrochemical sector to reduce the country’s dependence on imports of petrochemicals that are used to produce a wide range of items such as paints, printing inks, auto parts, diapers, cosmetics, pharmaceuticals, etc.
This is expected to save Rs 4 billion in foreign exchange. These products find use in the automotive seats, mattresses, shoe soles, refrigeration, coatings and sealants, pharmaceuticals, food additives, fibers, etc. industry segments.
Various industries that use the raw materials generated at the Kochi Refinery, such as automobiles, plastic manufacturing units, costume factories, textiles, etc.
The prime minister also inaugurated the Sagarika cruise terminal in the port of Cochin. The 25 million rupee project funded by the Union Ministry of Tourism will help improve the capacity of the port of Cochin to serve cruise ship passengers docking here. With the launch of the new terminal, the port has the capacity to serve 5,000 passengers at a time. This will help increase the number of cruise ship visits and a subsequent boost to the local economy.
Narendra Modi inaugurated the reconstruction of the South Coal Berth in the port. The work being carried out at a funding cost of Rs 20 million from the Ministry of Shipping will be beneficial to industrial units such as FACT. The renovated dock will help FACT ship its raw materials in bulk.
The formal inauguration of the RoRo ship service in the Willingdon Island-Vallarpadam sector has been carried out by the Prime Minister during the occasion.
‘Vigyana Sagar’, a knowledge and skills development center of Cochin Shipyard Limited (CSL) is another project commissioned by Prime Minister Narendra Modi. The 70,000 square foot educational complex has been envisioned as a premier maritime learning center in the country.
Kerala Chief Minister Pinarayi Vijayan and Oil Minister Dharmendra Pradhan also spoke at the function.
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