BPCL signs MoU with Keral for refinery expansion

A Memorandum of Understanding (MoU) has been signed between the Kerala government and Bharat Petroleum Corporation (BPCL).

The expansion would see the refining capacity of the refinery increase from 9.5 mmtpa to 15.5 mmtpa. The refinery would also be modernised and re-equipped to produce auto fuels complying with Euro 1V/V specifications.

The expansion would also come with the upgradation of low-value refinery residue stream to value-added products and production of propylene, a major petrochemical feedstock that could trigger even further investment.

The project is scheduled to be completed by Dec 2015.

The company has also signed an MoU with petrochemical major LG Chem, South Korea, for setting up of a propylene-based petrochemical complex.

Source: Newstrackindia