BPCL announces expansion plans worth Rs 490 billion at Bina refinery

Bharat Petroleum Corporation Limited (BPCL) has announced its expansion plans worth Rs 490 billion at Bina refinery. The components of the expansion projects are the establishment of an ethylene cracker project, including downstream petrochemical plants and capacity expansion of the Bina refinery from 7.8 million tonnes per annum (mtpa) to 11 mtpa. While the petrochemical plant will meet the growing domestic demand for petrochemical products, the capacity expansion of Bina refinery will cater to the growing demand of petroleum products in central and northern parts of India along with providing feedstock to the upcoming ethylene cracker unit. In addition, the company will set up two 50 MW wind power plants in Madhya Pradesh and Maharashtra for captive consumption at Bina and Mumbai refineries respectively, with a total project cost of approximately Rs 9.78 billion (Rs 4.89 billion for each project).