Bharat Petroleum to invest Rs 25,000 crore on ethylene cracker unit

Bharat Petroleum Corporation Ltd (BPCL) has decided to invest about Rs 25,000 crore to set up an ethylene cracker plant at Rasayani, located 50 kilometres from its Mumbai refinery.

A decision in this regard has been taken by the State-run company, as the firm pushes further into the petrochemicals business to fuel growth.

According to D Rajkumar, BPCL’s Chairman and Managing Director, “We are now thinking of diversifying more into petrochemicals. Our plan is to move from 1 per cent to 10 per cent and, if possible, go up to 15 per cent.”

He added: “This is what the existing configuration of our refineries will allow us. The existing configuration cannot be tweaked to a large extent to achieve higher percentage of petrochemicals unlike a new refinery.”

Image Credit : thehindu.com

Related Projects : Rs.250000 Million New Ethylene Cracker Plant in Raigad, Maharashtra

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