MRPL plans a new petrochemical plant

Mangalore Refinery and Petrochemicals Limited (MRPL) plans to set up a new petrochemical production plant at an investment of Rs 300-400 billion in Karnataka. It is likely to be operational in three to five years. Owing to the shift in energy landscape, primarily driven by the uptake of electric vehicles has prompted MRPL to focus its efforts on increasing output of chemicals that can be used for plastics and paints. MRPL has shelved the Mangalore Refinery Expansion cum Petrochemical Complex Project. It had earlier proposed to increase the capacity of Mangalore refinery from 15 million tonnes per annum (mtpa) to 18 mtpa in the state of Karnataka.