As part of efforts to enhance the value chain of petroleum products and facilitate the refining of high viscous indigenous crude oil, the public sector Bharat Petroleum Corporation Ltd (BPCL) is replacing the existing 30-inch crude oil pipeline with 20-inch insulated pipeline, from South Tanker Berth Jetty to Kochi Refinery (KR). “The new pipeline will help Kochi Refinery to transport high viscous petroleum products like vaccum residue (HSVR) and vacuum gas oil (VGO) from other refineries in the country and process these products into value-added products of diesel and petrol,” BPCL said in a release.
Since majority of the Indian refineries do not have the capability to upgrade, this business model will help the country to produce additional value added products, the PSU oil major said. For laying pipeline in the Corporation area, the Kochi Corporation had given the necessary sanction and as part of the agreement Kochi Refinery has contributed Rs 50 million to the developmental activities of the Corporation.
A cheque of Rs 50 million was handed over in this regard to Mayor Soumini Jain by Prasad K Panicker, executive director,(Kochi Refinery- BPCL) on Saturday in the presence of K V Thomas, MP; Hibi Eden, MLA; Deputy Mayor T J Vinod, K J Antony, Leader of Opposition in the Corporation, Standing Committee chairpersons and members of Cochin Corporation and George Thomas, Deputy General Manager, Kochi Refinery-BPCL