PM dedicates Petro-chem complex to nation
Prime Minister Narendra Modi inaugurates a giant project of oil major BPCL's Rs. 6000 crore Propylene Derivative Petrochemical Project at BPCL Kochi Refinery. The Propylene Derivative Petrochemical Project (PDPP) will produce acrylates, acrylic acid, and oxo-alcohol, which are mostly imported, will result in saving nearly Rs 4000 crore foreign exchange annually.
Besides this, PM also noted that a wide range of industry development will also generate employment opportunities.
This project will help to generate 5,00,000 Metric Tonnes Per Annum of Propylene, which is one of the main feedstocks of petrochemicals. BPCL is strategically entering the petrochemical sector to reduce the country's dependency on imports of petrochemical. According to BPCL, this project will cater to the petrochemical requirements of several industries including paints, adhesives, coatings, and solvents.
Petrochemical has been used to produce a wide range of articles as paints, printing inks, automotive parts, plastic, cosmetics, diapers, pharmaceuticals, solar power panel, etc.
The production from the complex will also encourage Kerala's government to establish the Petrochemical Park and other downstream petrochemical industries in the vicinity, PM said. Referring to the creation of a prosperous blue economy and his dream of Aatmanirbhar Bharat PM said,
“We are looking at high quantity and top quality infrastructure for the coming generations. India is devoting topmost importance to developing our Blue Economy. Our vision and work in this sector include, more ports, Improving infrastructure in current ports, Off-shore energy, sustainable coastal development, coastal connectivity."
To strengthen the tourism sector of Kerala PM also dedicated Inland Waterways Authority's two new Roll-on/Roll-off vessels, at Willingdon Island. It will be deployed between Willingdon Island and Bolgatty on National Waterways-3. Each has the capacity to carry six 20-feet trucks, three 20-feet trailer trucks, three 40- feet trailer trucks, and 30 passengers.
Along with it PM also inaugurated International Cruise Terminal 'Sagarika'at Kochi port, 'Marine Engineering Training Institute( Vigyana Sagar) and laid the foundation stone of 'Reconstruction of South Coal Berth 'at Kochi Port.