BPCL Petrochemical Park Planned Near Bina Refinery

State-run Bharat Petroleum Corporation Ltd has unveiled plans for a major BPCL petrochemical park near its Bina refinery expansion site in central India, marking a big step in its shift toward high-value chemicals.

The project will be adjacent to the currently operated Bina Refinery of the Company and is being designed in collaboration with Madhya Pradesh Industrial Development Corporation.

The integrated development is one of a greater 49, 000 crore investment which will increase the capacity of the refinery to 11 million tonnes per year, compared to 7.8 million tonnes. The expansion will focus on a giant ethylene cracker project that will manufacture some of the building blocks to be used in plastics and other industrial products.

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The plan will require the supply of ethylene and feedstock associated with the pipeline that is going to be used by BPCL to the units situated in the future petrochemical park in Madhya Pradesh, enabling the manufacturers to work in the vicinity of the source. This arrangement eliminates transportation issues and enhances supply network.

The BPCL petrochemical park is to be commissioned in May 2028. The shift is part of the overall BPCL strategy of enhancing margins by expanding operations in petrochemicals which are still in demand in packaging, automotive and consumer goods markets.

Through this growth in Madhya Pradesh, BPCL strives to establish an integrated refining and petrochemical center that will be able to compete with international players as well as promote the growth of local manufacturing.