BPCL-Kochi Refinery is going ahead with its second petrochemical project to produce polyols at an investment of Rs. 11,300 crore. An import substitute, polyols are used in the production of polyurethanes used in diverse products such as automotive seats, mattresses and shoe soles.
The project is expected to go on stream by 2022, said Prasad K Panicker, the company’s Executive Director. BPCL is in talks with various global firms to finalise the technology for six different products. There is a huge demand for polyols and it is growing at 10 per cent per annum providing good scope for MSMEs to set up units in the complex, he added.
