Hi-skore Engineers

Hi-skore Engineers is a professionally managed company in the field of process design, detailed engineering, project management, planning and execution

330, Grohitam Complex, 3rd Floor, Opp. APMC market no. II, Sector 19, Vashi, Navi Mumbai 400 705
Design office : A-9, 501, Bhoomiraj Woods, Plot no. 55, Sector 20, Kharghar, Navi Mumbai 410 210


Sunday, October 9, 2011

BPCL to venture into niche petrochemicals

BPCL to invest Rs 40,000 crore to venture into niche petrochemicals

20 Sep 2011

Bharat Petroleum Corporation Ltd (BPCL) is planning to invest Rs 40,000 crores to venture into the niche petrochemical segment. With this, India's second biggest oil marketing company will diversify its business portfolio and de-risk its business model, as per a DNA report.

Talks are underway with several foreign players who might be interested in sharing technology with BPCL and picking up equity stake in the project. The investment will be done over the next five years which will help to strengthen company's current operations, expand its refining business, enable investment in exploration and production and diversification into newer areas such as petrochemicals.

The company will invest around Rs 5,000-6,000 crore in a complex which will be operational in the next five years, and produce polypropylene and acrylic acid. Feedstock will be supplied by BPCL's 9.5 mln tpa Kochi refinery which will also be expanded further to 15.5 mln tpa in the next five year period.
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