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Mangalore Refinery and Petrochemicals to Focus on Petchem Production

Mangalore Refinery and Petrochemicals (MRPL), has tilted its focus on boosting petrochemicals production capacity which may cost as much as Rs 470 billion (USD 5.7 billion). The investment includes a new production unit in Karnataka, and further, MRPL also plans to invest in smaller petrochemical units.

 

The new plant is likely to be operational in the next three to five years, with an investment of around Rs 300-400 billion on the new plant, and a further Rs 60-70 billion on smaller petrochemical units. MRPL shelved its plans to boost the capacity of its refinery on the west coast to 18 million tonne a year from 15 million tonne.

 

The energy transition, uptake of electric vehicles (EVs) has prompted MRPL to focus its efforts on increasing the output of chemicals which can be used for plastics and paints.

 

India is a net-importer of petrochemicals and the country is well-positioned to unlock enhanced value with local production.

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