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India:EIL on way to complete GAIL’s Kochi petrochem
park’s pre-feasibility report |
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2005-3-21
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The pre-feasibility report being prepared by Engineers India Ltd. (EIL) for GAIL India’s proposed Rs 7,600 crore gas-fired petrochemical complex — Kerala Gas Cracker Complex, will be completed by April, the company informed. The proposed project will manufacture polyethylene and propylene.
The project will be located in Kochi will be set up 400 acre of idle land owned by public sector company Fertilisers and Chemicals Travancore Ltd (FACT) with whom, negotiations for land acquisition are currently on.
This will be GAIL’s and Central government largest investments in Kerala seen in the past few decades with the state government likely to pick up only a nominal equity in the venture.
GAIL runs a gas-based petrochemicals complex at Pata near New Delhi manufacturing capacity of three lakh tonne per annum (tpa) of ethylene and 2.6 lakh tpa capacity of polyethylene .
Earlier, the project was to be set up in Kasaragode in northern Kerala but the naphtha fired project was shelved in favour of Kochi since it has decided to shift the feedstock to LNG as Petronet LNG is setting up a 2.5 million tonne per annum (mmtpa) LNG import terminal and regassification plant in Kochi and GAIL may readily be able to source gas from the Petronet terminal, there. |
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