New Petrochemical Complex Project at BPCL Bina Refinery

The Prime Minister of India lays the foundation stone of the INR 49,000 crore (6 billion US dollars) Petrochemical Complex project at Bharat Petroleum Corporation Limited (BPCL) Bina Refinery. The investment will be a step towards fulfilling the Prime Minister’s vision of ‘Aatmanirbhar Bharat’ along with saving foreign exchange worth Rs. 20,000 crore per annum. The complex is expected to be completed by 2027.

The petrochemical complex will have a steam cracker with 1.2 million metric tons per year (MMt/y) of ethylene capacity, which is a vital component for various sectors like textiles, packaging, and pharma, among others. Along with the steam cracker, the company is planning to add a swing plant producing LLDPE or HDPE with a capacity of 650,000 metric tons per year, a dedicated HDPE unit with a capacity of 500,000 metric tons per year, and a PP plant with a capacity of 650,000 metric tons per year.

Currently, India is a net importer of HDPE/LLDPE and PP of 600/200 and 600 KT, respectively. These petrochemicals are expected to show a promising growth rate of 6–7% in the near future due to a rising population, urbanization, and an increase in disposable income. With the addition of the capacity, India will become more self-sufficient in basic petrochemicals, which will fuel the growth of the Indian economy.

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