BPCL to Add New Unit at Kochi Refinery
12.22.2023 By Tank Terminals - NEWS

December 22, 2023 [Oil & Gs Journal]- Bharat Petroleum Corp. Ltd. (BPCL) is adding a new unit for production of petrochemicals at the operator’s 15.5-million tonne/year (tpy) Kochi refinery at Ambalamugal, Ernakulam district, in the Indian state of Kerala.

Approved by BPCL’s board on Dec. 19, the proposed 50.44-billion rupee ($607.10-million) project will include installation of a grassroots polypropylene unit with a production capacity of 400,000 tpy, the operator said in regulatory filings to BSE Ltd. and the National Stock Exchange of India Ltd.

With an estimated timeframe for completion in 46 months, the proposed capacity addition comes as part of the company’s plan to meet India’s robust and growing demand for petrochemicals using readily available supplies of propylene feedstock for polypropylene production, BPCL said.

The decision to advance installation of the polypropylene production unit follows BPCL’s undertaking of the proposed project’s environmental impact assessment in March 2023, according to the company’s 2022-23 annual report to investors.

For the 2022-23 fiscal year ending Mar. 31, 2023, the Kochi refinery averaged overall throughputs of 16.12 million tpy, including crude oil throughputs of 16.02 million tpy—both well above the site’s rated nameplate capacity—to achieve a capacity utilization of 103.3%, data from the annual report showed.

Kochi’s improved performance during the year resulted from continuous improvement initiatives carried out across the operator’s refining system to enhance operational efficiency of the manufacturing sites, BPCL said.

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Finland's Neste Cuts Margin Target Again as Biofuel Prices Fall
07.26.2024 - NEWS
July 26, 2024 [Reuters]- Finnish oil refiner and biofuel maker Neste narrowed down its annual ren... Read More
Virya, Partners to Invest in 25-MW Belgian Green H2 Project
07.26.2024 - NEWS
July 26, 2024 [Renewables NowBelgian holding company Virya Energy NV and its partners HyoffGreen ... Read More
Valero Plans to Run Refineries at 92% of Combined Capacity in Q3 2024
07.26.2024 - NEWS
July 26, 2024 [Reuters]- U.S. refiner Valero Energy Corp plans to operate its 14 refineries up to... Read More
Angola's New Cabinda Refinery to Start up Later this Year-CEO
07.26.2024 - NEWS
July 26, 2024 [Reuters]- Angola’s new Cabinda crude oil refinery is on track to start up later ... Read More