Bharat Petroleum Corporation Limited (BPCL), the oil and gas company in India, has announced its ambitious expansion plans worth Rs. 490 billion, further increasing the Company’s footprints in petrochemical segment and renewable energy, together with augmenting marketing infrastructure.
The core component of the expansion projects is the Ethylene Cracker Project, which will drive the production of essential petrochemicals.
The project encompasses the establishment of an Ethylene Cracker (EC) Complex, downstream Petrochemical Plants, as well as the expansion of the existing Refinery capacity from 7.8 MMTPA to 11 MMTPA and associated facilities at Bina Refinery.
With a capital expenditure of approximately Rs. 490 billion, this initiative marks a significant milestone for BPCL and energy sector as a whole.
Bina refinery expansion will meet the growing demand of petroleum products in central and northern India while also providing necessary feedstock to EC complex. While Petrochemical Plant will cater to the growing domestic demand for petrochemical products.
G Krishnakumar, C&MD, BPCL, said, “BPCL has leapfrogged into the world of Petrochemicals as we embark upon the ₹49000 Ethylene Cracker project in our Bina Refinery, in step with the expansion of Refining capacity to 11 MMTPA. Combined with our investment in Wind Energy and new age Petroleum Oil Lubricants installations built for sustainable processes, this is a watershed moment in our strategic endeavor to be at the forefront in meeting the rapidly growing demand for energy and Petrochemical products in India."
"We are steadfast in aligning our strategic imperatives with the Government's Atmanirbhar Bharat mission to make India a self-reliant and globally competitive petrochemical powerhouse," G Krishnakumar said.
