PM Dedicates BPCL’s Integrated Refinery Expansion Complex, Lays Stone for Petrochemical Complex
Kochi: Imparting greater momentum to the heavy industry sector of Kerala, Narendra Modi, the Prime Minister, dedicated Bharat Petroleum Corporation’s Integrated Refinery Expansion Complex to the nation and laid the foundation stone for the Petrochemical Complex at Kochi Refinery the other day.
The inauguration and foundation stone laying ceremony marked the successful culmination of the Integrated Refinery Expansion Project (IREP) conceptualised to transform Kochi Refinery into a ‘world-class’ refinery with the largest refining capacity among public sector refineries and to foray into the next stage development of petrochemicals industry.
The Prime Minister also remotely dedicated Mounded LPG Storage Facility of the Indian Oil Corporation (IOC) at its Kochi Bottling Plant at Udayamperoor and later laid the foundation stone for the second campus of Skill Development Institute at Ettumanoor.
The occasion was marked by the presence of Justice (Retd.) P Sathasivam, Governor of Kerala; Pinarayi Vijayan, Chief Minister; Dharmendra Pradhan, Union Minister of Petroleum and Natural Gas & Minister of Skill Development and Entrepreneurship; Alphons K J, Union Minister of State (I/C) for Tourism; Members of Parliament K V Thomas, Innocent and Prof. Richard Hay; V P Sajeendran MLA and Dr. M M Kutty, Secretary, Ministry of Petroleum & Natural Gas, Govt. of India.
The new Integrated Refinery Expansion Complex of Bharat Petroleum’s Kochi Refinery dedicated to the nation was implemented at a cost Rs. 16,504 crore. It was an effort to meet the growing energy needs, especially of South India, and also to make environment friendly auto-fuels.
With the successful completion and commissioning of the project, Kochi Refinery has been transformed into a world-class refinery with a refining capacity of 15.5 Million Metric Tonnes Per Annum (MMTPA). IREP has also helped Kochi Refinery to become the largest public sector refinery in the country.
Moreover, the high complexity gained through the project is helping Kochi Refinery to process 100 per cent high sulphur crudes while producing Auto Fuels complying with full Bharat Stage-IV and subsequently Bharat Stage-VI quality norms.
The investment of Rs. 16,504 crore, which was the single largest in Kerala, generated ample employment opportunities as well as overall economic growth and development of the region.
Direct and indirect employment to around 500 people has been created after commissioning of the units.
The Petrochemical Complex, which would produce a petrochemical called Polyols, is expected to go on stream by the end of 2022. This is used in industries manufacturing automotive seats, mattresses, shoe soles, coatings and sealants, pharmaceuticals, food additives, fibres etc.
After the implementation of IREP, Kochi Refinery has the capacity to produce 5,00,000 Metric Tonnes Per Annum (MTPA) of Propylene. Propylene is one of the main feed-stocks of petrochemicals. Using this capacity, BPCL is strategically entering the petrochemical sector to reduce dependence of the country on imports of petrochemicals.
Products from these two projects are expected to result in foreign exchange savings to the tune of crores of rupees per annum for the country.
Mounded Storage Vessels (MSV)
The Indian Oil Corporation’s Mounded Storage Vessel (MSV) at its’ Cochin Bottling Plant, dedicated by the Prime Minister, includes three bullets of 1200 MT each. It was set up at a total cost of about Rs. 50 crore. The total storage capacity of Cochin LPG Bottling Plant has now increased to 4350 MT.