The Murugappa Group-owned EID Parry (India) Ltd and Cargill International SA have announced their plans to enter into a joint venture to set up a port-based stand-alone sugar refinery in Kakinada, Andhra Pradesh. EID Parry vice-chairman A Vellayan said the investment was estimated at Rs 325 crore and the plant was expected to be commissioned by December 2007.Reliance is also planning to set up a sugar mill.
An oil and natural gas corporation is getting ready to set up a refinery in Kakinada. In 2002 lot of edible oil refineries established themselves in Kakinada and the refining capacity has touched 3000 tons per day. Kakinada port is facilitating the imports of crude palm oil, crude soyabean oil. Kakinada is having an edible oil per day refining capacity of more than 3000 MTS Major refineries are Acalmar Oils & fats limited, Ruchi In frastructure, Nikhil refineries ltd, etc. By mid 2007, kakinada will have 3 to 4 biodiesel units in operation namely Universal Biofuels , Naturol biofuels.