Prime Minister Narendra Modi on January 27 dedicated to the nation an integrated refinery expansion complex of the public sector Bharat Petroleum Corporation Limited at the Kochi Refinery.
He also laid the foundation stone for a petrochemical complex at the refinery and a skill development institute at Ettumanoor besides inaugurating a mounded storage vessel at the LPG bottling plant of the Indian Oil Corporation Limited.
The integrated refinery is a modern expansion complex and would transform the Kochi Refinery as the largest PSU refinery in the country with world class standards.
It is equipped for production of cleaner fuels. It will double the production of LPG and diesel and commence production of feedstock for petrochemical projects in the plant. Mounded Storage Vessel, IOCL LPG Bottling Plant, inaugurated by Modi has a total storage capacity of 4350 MT. S
torage capacity at the plant was enhanced to meet the LPG requirement of nearly six days bottling capacity of the plant. It is considered the safest storage vessel ensuring highest level of safety for plant and adjacent areas. LPG receipt through pipeline will bring down movement of LPG tankers on roads. Petrochemical complex, BPCL Kochi refinery is a Make in India initiative aimed at reducing dependence on imports.
The skill development institute at Ettumanoor backed by the Ministry of Petrochemical and Natural Gas will provide vocational training and enhance employability and entrepreneurship for deserving youth both in oil & gas and other industries.
This world class institute was being set up at an eight acre campus allocated by the state government and would have a capacity to skill around 1,000 youths annually in 20 different skills.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.