Petrochemical park project to be delayed further

THIRUVANANTHAPURAM: The ambitious petrochemical park proposed to be set up in Kochi has once again taken a hit after Fertilisers and Chemicals Travancore Ltd (FACT) sought more time to hand over the land required for the project to the state government.

The state, in turn, extended the validity of the MoU signed between FACT and the government for the purchase of about 600 acres of land owned by FACT to develop the Petrochemical Park by Kerala Industrial Infrastructure Development Corporation (Kinfra), by another six months.