Mumbai, December 21, 2023: Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 Company and a Maharatna Energy Conglomerate, proudly announces a groundbreaking initiative aimed at shaping a sustainable future. With an investment of Rs. 5,044 Crore, BPCL is set to establish a Polypropylene (PP) Unit at Kochi Refinery, responding to India’s burgeoning demand for petrochemicals.
This visionary project leverages the abundant Propylene feedstock at Kochi Refinery, marking a significant milestone in reshaping the petrochemical industry landscape. The Polypropylene Unit, boasting a production capacity of 400 Kilo-Tonnes Per Annum, is strategically designed to meet market demands and reinforces BPCL’s commitment to downstream industries.
Shri G Krishnakumar, C&MD, BPCL, shared “Our Rs. 5,044 Crore investment in the Kochi Refinery’s Polypropylene Unit is part of our strategic commitment towards a sustainable future. Addressing India’s petrochemical demand, this project will reshape the industry, meeting the requirements for Packaging Films, Containers and more.”
Polypropylene, a versatile material, finds applications in Packaging Films, Sheets, Boxes, Containers, Bags, Home Ware, Home Care, Personal Care, and everyday articles. The project is slated for completion in approximately 46 months, signaling BPCL’s dedication to driving innovation and meeting the evolving needs of the market.
This initiative builds upon BPCL’s existing capabilities, with the operation of a Propylene Derivative Petrochemical Plant (PDPP) at Kochi Refinery. PDPP has been instrumental in producing critical import substitutes, including acrylic acid, acrylates, oxo-alcohol, and other niche petrochemicals. Notably, PDPP was dedicated to the nation by the Hon’ble Prime Minister Shri Narendra Modi in February 2021, underscoring BPCL’s commitment to the vision of Atma Nirbhar Bharat.
As BPCL takes this momentous step towards a sustainable future, the company remains steadfast in its mission to contribute to India’s economic growth, promote self-reliance, and advance the petrochemical industry. This endeavor aligns with the broader objectives of Atma Nirbhar Bharat, reflecting BPCL’s commitment to driving positive change and fostering a resilient and self-sufficient nation.
Corporate Comm India (CCI Newswire)
