BPCL approves Rs 11,130 cr Kochi petrochemical project

08 October 2018

Bharat Petroleum Corp Ltd (BPCL) said that its board has approved an investment of Rs. 11,130 crore for setting up a petrochemical unit at its Kochi refinery in Kerala.

Petrochemical unit
Source: Google

BPCL's Kochi refinery at its recent expansion to 15.5 million tonnes per annum capacity produces 5,00,000 tonnes of polymer grade propylene. Half of this propylene is utilised for manufacturing of niche/specialty petrochemicals like acrylic acid, oxo alcohol and acrylates, which find applications in areas like paints and coatings, adhesives and solvents. From the balance, BPCL plans to produce value-added petrochemicals.

While Polyether Polyols are used to make polyurethane foams, coatings and adhesives, Propylene Glycol is used in the manufacture of fibreglass -reinforced plastics, cosmetics, lubricants, surfactants in dyes and humectants for food products. Mono Ethylene Glycol (MEG) is used in packaging, films and textile fibres.

BPCL believes petrochemicals market in India is fast growing and profitable with open market pricing with a hedge for refining. Currently, there is limited production of Polyols/Propylene Glycol (PG) in India due to limited availability of an important intermediate Propylene Oxide (PO), which requires Propylene feedstock.

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