Industry News

Bharat Petroleum Plans Investment for Petrochemical Plant

Bharat Petroleum Corp. Ltd plans to invest for construction of petrochemical complex at Bina, Madhya Pradesh.

India: Bharat Petroleum Corp. Ltd (BPCL), which is India’s state owned organization, has planned to invest in construction of a new petrochemical complex. The complex will be built near Bina refinery in Madhya Pradesh and will cost around USD4 billion and include a 1.5 million metric tons/year naphtha cracker. This investment would be made in collaboration with Bharat Oman Refineries Ltd., which is a joint venture between BPCL and Oman Refineries. BPCL controls 49% share in the joint venture, while Oman Refineries control 26% shares. The remaining 25% shares are controlled by financial institutions. Bharat Oman Refinery had registered a profit of around USD54.3 million in the year 2015-16.

Techsci Research depicts that the expanding petrochemical facilities in India would result in increased wastewater generation and create augmented demand for industrial wastewater treatment plants in the country. Therefore, the demand for wastewater treatment plants in the country are projected to exhibit steady growth.

According to the recently published report by TechSci Research, “India Wastewater Treatment Plants Market By Type (Municipal and Industrial), By Plant Category (Less Than 50 MLD, 50 to 200 MLD and Over 200MLD), By Operating Mode (EPC and BOOT), Competition Forecast and Opportunities, 2011-2021”, India wastewater treatment plants market is projected to grow at a CAGR of over 12% during 2016-2021, on account of surging demand for wastewater treatment plants from municipal and industrial sectors. Stringent government norms issued by Central Pollution Control Board (CPCB) to ensure proper management and disposal of sewage is augmenting demand for construction of new sewage treatment plants in the country. In 2015, wastewater treatment plants with capacities between 50 MLD and 200 MLD dominated India wastewater treatment plants market. In the coming years, strong demand for municipal as well as industrial wastewater treatment plants is expected to emanate from Maharashtra due to presence of a large number of wastewater generating industries such as sugar, textiles, chemicals and petrochemicals industries in the state.

Relevant News