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BPCL Plan To Raise Rs 4,000 Cr For Petrochemical Plan

Updated: January 17, 2015 4:30 am

State-run Bharat Petroleum Corporation Ltd (BPCL) is planning to raise Rs 4,000 crore for the expansion of its Kochi refinery and to fund its petrochemicals venture. BPCL is planning to diversify into downstream petrochemicals with an investment of Rs 4,588 crore by using propylene. The public sector refiner is planning to produce niche petrochemicals such as acrylic acid, acrylates and oxo alcohols, which are predominantly being imported into the country, at its Kochi refinery facility, using the polymer grade propylene that will be available after the ongoing integrated refinery expansion project (IREP) is completed.

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