Prime Minister Narendra Modi will lay the foundation stone of a new petrochemical complex and refinery expansion project at BPCL’s Bina refinery in Madhya Pradesh on September 14. BPCL plans to invest Rs 49,000 crore in the development of a modern petrochemical complex in Sagar, Madhya Pradesh. The project aims to increase the capacity of the Bina Refinery to 11 MMTPA and produce over 2200 Kiloton of petrochemical products. The entire project is expected to be completed in five years.
The Ethylene Cracker Complex at the petrochemical complex will use feedstock from the Bina refinery, including Naphtha, LPG, kerosene, and more. The completion of this project will create employment opportunities for young entrepreneurs in the Bundelkhand region. It will also attract downstream business manufacturing units in various industries such as plastic, pipes, packaging material, automobile parts, medical equipment, and more.
Additionally, the complex will produce aromatics such as Benzene, Toluene, and mixed Xylene, which are widely used in downstream industries and ancillary units. This project is expected to have a significant impact on the region’s economy and provide opportunities for growth and development.
