BPCL to Outlay INR 49,000 Crores in Petrochemicals and Renewable Project at Bina Refinery
The project involves the set-up of an ethylene cracker complex, downstream petrochemical plants, along with the augmentation of the refinery potential from 7.8 MMTPA to 11 MMTPA and correlated amenities at Bina refinery.
May 18, 2023. By EI News Network
The key element of the augmentation initiative is the ethylene cracker project, which will execute the manufacture of crucial petrochemicals.
The project involves the set-up of an ethylene cracker complex, downstream petrochemical plants, along with the augmentation of the refinery potential from 7.8 MMTPA to 11 MMTPA and correlated amenities at Bina refinery.
This is a considerable capital expenditure of around INR 49,000 Crore, this venture represents an important milestone for BPCL and the energy sector as an whole.
The augmentation of the Bina refinery will give the increasing demand for petroleum products in central and northern India and facilitate the crucial feedstock to the ethylene cracker complex.
Moreover, the petrochemical plant will serve the growing domestic demand for petrochemical products.
The company stressed that the augmentation projects would create employment opportunities and promote the company’s sustainable energy capabilities, taking a measure towards a secure and net-zero future.
please contact: contact@energetica-india.net.
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