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BPCL Cancels Polyols Project in Kochi

2/9/2022

The Bharat Petroleum Corporation of India (BPCL) recently decided to cease the development of its polyols petrochemical project in Kochi, India and instead focus on a new development of polypropylene production at the site. Cost overruns for the polyols project were cited as reasons for the change in direction.

BPCL had been working on the $1.5 billion dollar specialty polyols project since 2019, but costs had spiraled due to increases in equipment and material expenses. The Kochi Polyols project had been scheduled for a 2024 startup that included the namesake polyols plant with a 250,000 tons per year capacity, a 100,000 tons per year propylene glycol (PG) unit, a 300,000 tons per year propylene oxide (PO) unit and a 140,000 tons per year monoethylene glycol (MEG) plant.

This plan appears to be shelved now as BPCL is looking to develop a polypropylene plant that would utilize as much as 250,000 tons per year of propylene from the existing Kochi facilities. GEI analysts will continue to monitor this potential development.