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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 p

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