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Intensifying and enlargement of activities in the area of Refinery processes and residue
upgradation.
Development of new process technologies using additive approach for improving the product
quality
Enlargement of crude basket and identification of opportunity crudes and crude blends
Production of Pharmaceutical grade Hexane from the newly commissioned ISOM unit.
POLYOLS PROJECT
As part of BPCL’s strategy to increase production of value added petrochemicals, production of niche
petrochemicals such as Polyols, Propylene Glycol and Mono Ethylene Glycol is being considered at Kochi
Refinery as another import substitution “Make in India” project. Polymer Grade Propylene produced
from the Petro FCCU forms the feedstock for production of these petrochemicals. Pre-project activities
are under progress.
India's Bharat Petroleum Corp Ltd plans to spend $6.75 billion through 2022 to raise refining
capacity by 62 percent to meet rising fuel demand in the world's fastest growing major economy,
a company official said.
India is replacing China as the driver of global oilNSE 2.08 % demand growth as its economy
expands and a rising middle class buys motor vehicles. The International Energy Agency expects
India to account for a quarter of global energy use by 2040.
BPCLNSE 0.46 %, the country's second-biggest state refiner, aims to lift its crude processing
capacity to 1.18 million barrels per day (bpd) by 2022 from the current 730,000 bpd.
MUMBAI: India's Bharat Petroleum Corporation Ltd (BPCL) plans to build a $3 billion petrochemical
unit to serve the Mumbai region, a company official said, to profit from the country's expected surge
in demand for petrochemicals as its economy expands.
BPCL's expansion is part of a national plan to spend $35 billion on petrochemical production in order
to meet the expected increase in consumption of the chemicals for products including plastics, paints
and adhesives. India currently only produces about 20 million tonnes a year of petrochemicals, less
than the 40 million tonnes of demand expected for the 2017/18 financial year.
Demand is expected to almost double again within a decade, according to a report from the Ministry
of Petroleum and Natural Gas.