The PSU said that it intends to diversify into Petrochemical products with a major focus on Ethylene or Propylene-based petrochemical products to further improve refinery profitabilityNew Delhi: India’s second-largest state-run fuel retailer Bharat Petroleum Corporation Limited (BPCL), plans to set a petrochemical plant at its Mumbai refinery. The project is expected to cost the PSU Rs 6,877 crore. The project is expected to improve Propylene production which is used as feedstock for producing Polypropylene, which is a polymer used in industrial applications including packaging, plastics, textiles, living hinges and the automobile industry.
The Petrochemical Residue Fluidized Catalytic Cracking (PRFCC) project is part of BPCL’s plan to expand its petrochemical portfolio.
In an application to the environment ministry for seeking clearance for the project, BPCL said, “BPCL intends to diversify into Petrochemical products with a major focus on Ethylene or Propylene-based petrochemical products to further improve refinery profitability.”
The project is part of modernisation plan
BPCL said that the PRFCC project is part of the modernisation plan of the Mumbai refinery and will replace the refinery’s vintage Catalytic Cracking Unit (CCU) that was commissioned in 1955 and the Fluidized Catalytic Cracking Unit (FCCU) that was commissioned in 1985.
The upcoming plant is expected to maximise Polymer Grade Propylene production which will feed a Polypropylene complex being planned at Rasayani, 50 Kilometer from the Mumbai Refinery, BPCL said.
Plant to be completed in 36 months
The plant is expected to be completed in 36 months from the date of the grant of environmental clearance. PRFCC will convert a mix feed of heavy, viscous Vacuum Residue (VR), Vacuum Gasoil (VGO) and Unconverted Cycle Oil (UCO) into Propylene, Ethylene, High Octane Gasoline, Light Cycle Oil and Slurry Oil.
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