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Cryogenic Warehousing
Cochin Port has a 5 MMTPA capacity LNG terminal at Puthuvypeen operated by Petronet LNG Ltd (PLL).
An area of 10 acres in Puthuvypeen next to the LNG terminal has been earmarked for setting up cryogenic warehousing using the cold energy available from the regasification process that can be used for creation of a zero CO2 emission cold-chain hub.
The Ministry of Shipping and the Ministry of Agriculture are spearheading a project to set up cold chain hubs at Ports with LNG terminals like such as Cochin Port, so that they could be developed as Perishable Handling Centres and Perishable Port Gateways.
The support from Government of India for this venture is as under:
- Fast-track Customs and phyto-sanitary clearances.
- Access to low interest fund of Rs.5,000 crores from WIF from the National Centre for Cold Chain Development under the Ministry of Agriculture.
- Access to National Clean Energy Fund.
- Credit linked subsidy at 35% (upto 50%) for cold chain infrastructure.
- Investment linked 150% tax deduction.
- Automatic route clearance for 100% FDI with ECB route open.
- Service Tax exemption for warehousing or transporting of agriculture produce.
There is therefore an opportunity to utilize the earmarked area on PPP (DBFOT) basis to build and operate cold chain facilities after tying up with PLL for the cold energy.
Back
Cryogenic Warehousing
Cochin Port has a 5 MMTPA capacity LNG terminal at Puthuvypeen operated by Petronet LNG Ltd (PLL).
An area of 10 acres in Puthuvypeen next to the LNG terminal has been earmarked for setting up cryogenic warehousing using the cold energy available from the regasification process that can be used for creation of a zero CO2 emission cold-chain hub.
The Ministry of Shipping and the Ministry of Agriculture are spearheading a project to set up cold chain hubs at Ports with LNG terminals like such as Cochin Port, so that they could be developed as Perishable Handling Centres and Perishable Port Gateways.
The support from Government of India for this venture is as under:
- Fast-track Customs and phyto-sanitary clearances.
- Access to low interest fund of Rs.5,000 crores from WIF from the National Centre for Cold Chain Development under the Ministry of Agriculture.
- Access to National Clean Energy Fund.
- Credit linked subsidy at 35% (upto 50%) for cold chain infrastructure.
- Investment linked 150% tax deduction.
- Automatic route clearance for 100% FDI with ECB route open.
- Service Tax exemption for warehousing or transporting of agriculture produce.
There is therefore an opportunity to utilize the earmarked area on PPP (DBFOT) basis to build and operate cold chain facilities after tying up with PLL for the cold energy.
