MRPL plans a new petrochemical plant in Karnataka

Mangalore Refinery and Petrochemicals Limited (MRPL) plans to set up a new petrochemical production plant at an investment of Rs 300 billion-400 billion in Karnataka. It is likely to be operational in three to five years. The shift in the energy landscape, primarily driven by the uptake of electric vehicles, prompted MRPL to focus its efforts on increasing the 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 mtpa to 18 mtpa.