BPCL to Build India’s Last Greenfield Refinery and Petchem Project
POWER & RENEWABLE ENERGY

BPCL to Build India’s Last Greenfield Refinery and Petchem Project

Bharat Petroleum Corporation Ltd (BPCL) has announced plans to set up a greenfield oil refinery and petrochemical (petchem) complex in Andhra Pradesh, marking a major step in India’s energy sector. The project, estimated at Rs 61 billion, is expected to be the last of its kind in the country. BPCL's board has approved the initiation of pre-project activities for this refinery, which include land acquisition, feasibility studies, environmental impact assessments, and basic design engineering. While BPCL has not disclosed a timeline for completion, the refinery is projected to have a capacity of at least 9 million tonnes per year (180,000 barrels per day). As India’s third-largest oil refiner, BPCL currently operates refineries in Mumbai (12 million tonnes/year), Kochi (15.5 million tonnes/year), and Bina (7.8 million tonnes/year). This new venture follows the company’s loss of the Numaligarh refinery in Assam during a failed privatization attempt. BPCL is also part of a consortium planning a 60-million-tonne refinery-cum-petrochemical complex in Maharashtra, which has faced delays due to land acquisition challenges. With India’s oil demand growing at 4-5% annually, BPCL’s new refinery is expected to support the country’s fuel needs until at least 2040. The project aligns with India’s broader energy transition plans, including a focus on clean energy and the adoption of electric vehicles (EVs). BPCL has committed Rs 1.7 trillion in investments for expanding its oil refining and fuel retailing businesses, as well as for new energy ventures. BPCL is on track to meet 7-10% of India’s primary energy demand by 2047, aiming for net-zero carbon emissions by 2040. As part of this effort, BPCL is investing in renewable energy, green hydrogen, compressed biogas, and carbon capture technologies, with ambitious goals for renewable energy capacity in the coming years. (MINT)

Bharat Petroleum Corporation Ltd (BPCL) has announced plans to set up a greenfield oil refinery and petrochemical (petchem) complex in Andhra Pradesh, marking a major step in India’s energy sector. The project, estimated at Rs 61 billion, is expected to be the last of its kind in the country. BPCL's board has approved the initiation of pre-project activities for this refinery, which include land acquisition, feasibility studies, environmental impact assessments, and basic design engineering. While BPCL has not disclosed a timeline for completion, the refinery is projected to have a capacity of at least 9 million tonnes per year (180,000 barrels per day). As India’s third-largest oil refiner, BPCL currently operates refineries in Mumbai (12 million tonnes/year), Kochi (15.5 million tonnes/year), and Bina (7.8 million tonnes/year). This new venture follows the company’s loss of the Numaligarh refinery in Assam during a failed privatization attempt. BPCL is also part of a consortium planning a 60-million-tonne refinery-cum-petrochemical complex in Maharashtra, which has faced delays due to land acquisition challenges. With India’s oil demand growing at 4-5% annually, BPCL’s new refinery is expected to support the country’s fuel needs until at least 2040. The project aligns with India’s broader energy transition plans, including a focus on clean energy and the adoption of electric vehicles (EVs). BPCL has committed Rs 1.7 trillion in investments for expanding its oil refining and fuel retailing businesses, as well as for new energy ventures. BPCL is on track to meet 7-10% of India’s primary energy demand by 2047, aiming for net-zero carbon emissions by 2040. As part of this effort, BPCL is investing in renewable energy, green hydrogen, compressed biogas, and carbon capture technologies, with ambitious goals for renewable energy capacity in the coming years. (MINT)

Next Story
Infrastructure Urban

Modi Hands Over 51K Job Letters, Urges Youth to Drive Growth

Prime Minister Narendra Modi on Monday distributed over 51,000 appointment letters to newly recruited youth in various government departments and organisations, addressing them via videoconferencing during the Rozgar Mela.Speaking to the gathering, Modi said today marks the beginning of new responsibilities for the recruits. He urged them to strengthen India’s economy, boost internal security, help build modern infrastructure, and bring meaningful change to people's lives. The sincerity with which they perform their duties, he said, would directly impact India’s journey towards becoming a ..

Next Story
Infrastructure Urban

NICDC Wins Udyog Vikas Award for Driving Industrial Growth

The National Industrial Corridor Development Corporation (NICDC) received the Udyog Vikas Award at an event organised by Janmabhumi Daily, a leading Kerala-based news outlet. Minister of State for Heavy Industries, Public Enterprises, and Steel, Bhupathi Raju Srinivasa Varma, attended the event and reaffirmed the Union Government’s commitment to building next-generation Greenfield Industrial Smart Cities nationwide.During his address, Varma praised the Integrated Manufacturing Cluster (IMC) at Palakkad, calling it a gamechanger for Kerala’s industrial and infrastructure landscape. He said ..

Next Story
Infrastructure Urban

Vaishnaw Launches Portal for Electronics Component Manufacturing

Union Minister Ashwini Vaishnaw has launched the guidelines and online portal for the Electronics Component Manufacturing Scheme (ECMS), aiming to bolster India's position as a global electronics hub. Highlighting India's progress from assembling finished products to manufacturing critical components and materials, Vaishnaw stressed the need for Six Sigma quality standards and stronger in-house design capabilities.India’s electronics production has jumped fivefold over the past decade, with exports growing over six times, driven largely by sectors like mobile phones, laptops, and IT hardware..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?