Bid & Tender


HPCL Plans to Start Barmer Oil Refinery and Petchem Complex in Jan, 2024

India's Hindustan Petroleum Corp (HPCL) plans to start its 9 million tonne-a-year Barmer refinery and petrochemical project in Rajasthan state by January 2024, the oil minister said, helping to cut petrochemical imports.


India, the third biggest oil importer, is expanding refining capacity to meet rising demand for fuel and petrochemical to power economic expansion. India's per capita petrochemical consumption is about a third of the global average.


Oil Minister Hardeep Singh Puri said the project, which covers 4,800 acres, would produce 2.4 million tonnes a year of petrochemicals and cut the annual petrochemical import bill by 260 billion rupees ($3.14 billion).


India's annual imports of petrochemicals were worth about 950 billion rupees, he said.


Most Indian refiners are linking petrochemical plants with refineries as demand for plastics and specialty chemicals rises. Integrating petrochemical plants would also help refiners hedge against slowing demand for conventional fuel in the longer term.


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