The Indian Prime Minister, Narendra Modi, has inaugurated the recent Propylene Derivatives Petrochemicals (PDPP) Complex at Kochi refinery in kerala governorate, built at a cost of ₹6,000 crore, a press release reported.
The statement added that this project will enable Kochi refinery to be the first refinery in India to produce niche petrochemical products. It will also support the governorate’s plan for establishing a petrochemical park.
Narendra Modi noted that this project will save ₹4,000 crore of forex per year in addition to providing job opportunities in the region.
It is worth noting that Kerala governorate has invested more than ₹25,000 crore during last six years in establishing various petroleum projects, including refineries, marketing and city gas distribution (CGD) network.