2025-01-27 11:10:00 :
New Delhi
: Bharat Petroleum Corp. LTD (BPCL) Chairman and Managing Director G. Krishnakumar said that after the newly -built refining and petrochemical consortium proposed by Anshraon, its refining capacity will reach about 50 million tons.
The proposed oil refinery is expected to refine 9 million tons.
Kricha Kuma added that India’s third largest refinery is committed to expanding its existing refineries located in the Central Bonbina and Kararabonkchin. India’s current oil refining capacity is 250 tons per year, of which BPCL accounts for 35 tons.
At the beginning of January, Andela Bang Cabinet approved a proposal for BPCL to establish a refinery project in Ramayapatnam in the Nelor area.
CMD said: “Overall, when we complete the Anderslabon project, we may obtain about 50 million tons of capacity, within about 50-52 tons. From 35 tons, it will increase to 50-52 tons.” Essence
The company is expected to complete the final investment decision (FID) at the end of 2025 after completing the initial period of the project (including feasibility research, environmental impact assessment, and land acquisition). The company’s board of directors approved the pre -project activities in December. The expected fee is $61 billion rupees.
Although the company has not yet decided the investment amount, it is expected that this will be the highest cost refinery project in India. The expected cost is $95,000-97,000 million Rsitari.
The Minister of Information and Public Relations K. PARTHASARATHY told reporters after the national cabinet was approved that the investment in the refinery will be $96,862 million rupees.
BPCL Director (Finance) Vetsa Rama Krishna Gupta also stated at an analyst at an analyst on January 24 that although FID is expected to be completed by the end of 2025, the current forecast is about about $950 billion rupees.
“(As far as the Andelabon Refinery is concerned), we have not reached the FID stage. The activities before the project have existed. Therefore, it may take nine months to one year to reach the FID stage. At that time, we will be we will be. Get the clarity of the overall capital expenditure figure, “Gubu told MintEssence
Demand
The expansion of oil refining capabilities is extending domestic oil demand to continue to grow strongly. It is expected to grow at the fastest speed in the world, while the growth of other countries has gradually slowed down.
According to the data of the Petroleum Planning and Analysis Group, the output of petroleum products in India’s next fiscal year (FY26) is expected to reach 252.9 tons. This is 4.65%higher than the estimated 241.8 tons of 2024-25, mainly driven by the main transportation fuel gasoline and diesel.
This state -owned OMC and refinery has developed the expansion plan of the Central Bangbina Refinery and the Karara Bang Gaomi Refinery, and plans to establish petrochemical facilities there.
“Bina and Gaozhi Petrochemical Project have been approved. Bina is also slowly expanding. We are considering the slow expansion of the Mumbai refinery. $550 billion rupees, and there are also about 550 million million rupees. $50 billion rupees, “Clehner Kuroma said in an interview.
The company has formulated a major expansion plan to realize the vision of becoming the main participant in the Indian petrochemical industry, because the government is considering positioning India as a hub to meet the global petrochemical needs in the next few years.
Even if the demand for gasoline and diesel during the transformation of electric vehicles has declined, global demand for petrochemical products is expected to grow. Petrochemical products include plastic, fertilizer, solvents, drugs, pesticides, synthetic fibers and rubber, paint and insulating materials.
According to a report released by Ernst & Young in August 2024, it is expected that by 2040, the demand for chemicals will increase by nearly double, and the scale of the Indian petrochemical industry may reach $ 1 trillion.
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