Bharat Petroleum (BPCL) is planning to expand the capacity of its Kochi Refineries located in the Kerala, India from its current capacity of 9.5 million mt/year to 15 million mt/year.
The company is also planning to invest about INR50-60bn ($1.04-1.25bn) for the construction of a petrochemical project and intends to partner with a multi-national company for this project which will use the feedstock from the expanded refinery.
BPCL expects to complete these two projects in the next five years.
The company also plans to increase capacities at its other refineries including the Bina refinery in Madhya Pradesh and at its Mumbai refinery.
The Bina refinery’s capacity will increase by three million mt/year and Mumbai refinery will see the addition by two to three million mt/year respectively.
BPCL director for refineries B.K Datta said the company plans to replace two CDUs with one CDU; and two FCCUs with one in order to expand vertically.