Mega port planned to handle Indian petrochemical complex

A feasibility study is underway looking at the possibility of building a mega port that will cater for the $40bn refinery and petrochemicals complex being planned by three oil firms in India, local media has reported.

The joint venture behind the ports consists Mormugao Port Trust, Mumbai Port Trust and Maharashtra Maritime Board (MMB).

Chairman of Mormugao Port Trust, I Jeyakumar said: “We are exploring the feasibility of a refinery-based government port in Vijaydurg. An in-principle decision has been taken by the government in this regard. Already, we have had advanced level discussions with the PSU oil refineries. We have mandated Tata Consulting Engineers Ltd to prepare a techno-economic feasibility report on the proposed port project to help us take a final decision.”

Indian Oil Corporation Ltd (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) joined forces in June to build an integrated refinery and petrochemicals complex with a capacity of 60 million tonnes a year.

For more information visit www.mptgoa.com

4th Dec 2017