India's BPCL Invests Heavily in Petrochemicals Sector

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Researched by Industrial Info Resources (Sugar Land, Texas)--State-owned Bharat Petroleum Corporation Limited (BPCL) (Mumbai), India's second-largest downstream oil company, continues to make heavy investments in the country's petrochemicals sector as it aims to increase the share of its petrochemicals business from 1% to 10%.

BPCL is planning to set up a US$2.7 billion greenfield petrochemicals complex at Rasayani, Maharashtra--its first non-refinery integrated complex--to manufacture polypropylene (PP) and ethylene and its derivatives. Fluor Daniel India Private Limited (Gurgaon) is providing front-end engineering design (FEED) and project management consultancy (PMC) services. However, the project is moving somewhat slowly due to certain changes in management and land acquisition and environmental-clearance issues. It is slated for completion by the end of 2026.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of related project reports.

BPCL commenced operations of the Propylene Derivatives Petrochemical Project (PDPP) at its Kochi Refinery last year, to produce acrylic acid, acrylates and oxo-alcohols.

Industrial Info is tracking 91 capital-spending projects, worth US$7 billion, attributed to BPCL across the Oil and Gas Pipelines, Terminals, Petroleum Refining and Chemical Processing industries. Subscribers can click here for a list of detailed project reports.

Click on the image at right for a breakdown by industry of BPCL's capital project activity.

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