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Bharat Petroleum and Manali Petrochemicals link in proposed PU venture

1:31 PM MDT | August 4, 2013 | Natasha Alperowicz

Indian state–owned Bharat Petroleum Corp. (BPCL; Mumbai) and Manali Petrochemicals (Chennai) are in discussions to set up a poyurethanes (PU) complex at the previously announced petrochemicals park at Kochi, Kerala State, India. The companies are each expected to hold 50% interest in the joint venture, which will source propylene from BPCL’s new fluid catalytic cracker (FCC) being set up as part of the expansion of the Kochi refinery. The FCC unit will produce 500,000 m.t./year propylene and supply feedstock to a proposed propylene oxide (PO)...

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