Kothari plans petrochemical project

Sep 17, 2012 - Ajayan |

Kochi

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Emerging Kerala

Emerging Kerala over, investors have started evincing interest, and prominent among them is Kothari Petrochem-icals which proposes to set up a plant near Kochi Refineries.

Another player, Binani Zinc, already has its presence near Kochi, and is expected to send its team with a view to setting up a unit in the park.
A team of senior officials from Kotharis visited the site on Monday and held discussions with officials of the Kerala State Industrial Development Corporation as also of Kochi Refineries.

The company would submit its proposal to KSIDC soon, KSIDC officials said. Kothari group, that has two units in Tamil Nadu, is the largest producer of premium quality polybutene in the country.

KSIDC has earmarked 3,100 acres for setting up a petrochemical park. This is in view of Kochi Refineries launching its expansion while downstream companies are expected to make use of by-products like propylene.

According to KSIDC officials, Kotharis which has a petrochemical complex in Tamil Nadu, is looking for around 20 acres to set up the plant. While details of the project have not been revealed, officials said the discussions were fruitful.

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