The state government has issued an order granting in-principle nod for Kerala Industrial Infrastructure Development Corporation (Kinfra) to set up a petrochemical park in Kochi.
“The next step is to procure 600 acres from FACT complex at Ambalamugal in Kochi for the project. The decision regarding this is pending for Union ccabinet approval,” said M Beena, managing director of Kinfra. The estimated project cost is Rs 1,864 crore, including the cost of land and internal infrastructure, which will be provided by Kerala Infrastructure Investment Fund Board (KIFB) in loan, Kinfra officials said. Kochi already has a large refinery, fertiliser and chemical factories, a bulk terminal and International Container Transhipment Terminal (ICTT), besides the LNG Terminal & Gas Pipeline Network being established.