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.