两印企拟共建炼化项目

Core Viewpoint - Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL) have signed a non-binding memorandum of understanding to explore potential collaboration on BPCL's proposed new refinery and petrochemical complex near Ramayapatnam Port in Andhra Pradesh [1] Group 1: Project Details - The proposed facility aims to have a refining capacity of 9 to 12 million tons per year, with an investment of 1 trillion Indian Rupees [1] - The project has received necessary statutory approvals and has secured 6,000 acres of land from the Andhra Pradesh government [1] - The Ramayapatnam refining complex will include a steam cracking unit with an annual production of 1.5 million tons of ethylene, marking the first such facility in southern India [1] Group 2: Industry Context - The project is expected to commence commercial operations by 2030, supported by the Andhra Pradesh government [1] - The Indian refining industry is undergoing a transformation, increasingly relying on integration with the petrochemical sector [1] - BPCL is actively advancing its petrochemical initiatives, currently progressing on two major projects in Bina and Kochi, with a total investment of 540 billion Indian Rupees [1]