PM Modi to lay foundation stone of Rs. 49,000 crore petrochemical complex at BPCL’s Bina Refinery
Petrochemical

PM Modi to lay foundation stone of Rs. 49,000 crore petrochemical complex at BPCL’s Bina Refinery

The capacity of Bina Refinery would be enhanced to 11 MMTPA and the project would be completed in five years

  • By ICN Bureau | September 13, 2023

Prime Minister Narendra Modi will lay the foundation stone of the Rs. 49,000 crore petrochemical complex and refinery expansion project at BPCL’s Bina Refinery in Bina, Madhya Pradesh on 14th September 2023.

In line with the aspirations of New Bharat, BPCL has envisioned a modern Petrochemical Complex in its Bina Refinery at Bina, Sagar, Madhya Pradesh. Investment of Rs. 49,000 crore would bring prosperity and happiness in the entire region of Bundelkhand.

Under this Project, the capacity of Bina Refinery would be enhanced to 11 MMTPA which would produce more than 2,200 Kiloton of petrochemical products. The entire project would be completed in five years. The Ethylene Cracker Complex will use the captive feedstock like Naphtha, LPG, Kerosene, etc. from Bina Refinery.

Once completed the Petrochemical Complex would bring many diversified employment opportunities to the young entrepreneurs of Bundelkhand region. This Petrochemical Complex would open the door for various downstream business manufacturing units in the field of plastic, pipes, packaging material, plastic sheets, automobile parts, medical equipment, molded furniture, and other items of domestic and industrial use.

Government of Madhya Pradesh has been supporting the project by providing fiscal incentives under SGST refund, interest free loan and interest subsidy assistance, concessional power, exemption of stamp duty, etc.

The investment shall result in creating more than 1 lakh direct or indirect employment opportunities along with saving of foreign exchange worth Rs. 20,000 crore per annum.

Apart from above, there will be large employment generation potential in downstream industries, ancillaries and service units. The project is aligned with India’s aspiration of Atmanirbhar Bharat by establishing a global manufacturing hub for chemicals & petrochemicals while moving towards realizing the goal of making India a 5 trillion-dollar economy.

In addition to polymers, there will be production of aromatics (Benzene, Toluene and Mixed Xylene) from the complex, which have the major usage in downstream industries, ancillaries, and service units like – Lamination films, bubble & stretch wraps, shipping sacks, housewares, lids, shopping basket, drip irrigation tubing, toys, etc. It will be used for manufacturing multilayer films, garbage bags, raffia bags, housewares, storage bins, water tanks, crates, luggage, industrial containers, pipes for gas & water, cable sheathing, etc.

It will be used for manufacturing of BOPP films, automobile parts, furniture, housewares, woven fabrics, jumbo bags, raffia bags, rigid packaging, food packaging, storage containers, paint pails, pipes, etc. Production of petrochemicals/chemicals (Styrene, Phenol, Acetone, Cumene, Nitrobenzene, Aniline, etc. will be used in paint, pharma & automotive industries.

This project will catalyze industrial development in the state of MP and the entire Bundelkhand region with easy access to petrochemical feedstock. It will enable Government’s vision of setting up ‘Petroleum Chemicals and Petrochemicals Investment Region (PCPIR)’ in the state, which will attract major investments in the segments such films, fibers, injection molding, blow molding, pipes, conduits, automobile parts, etc.


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