Joint Venture28 Oct 2025, 07:54 pm
BPCL Inks Strategic Alliances with Oil India, Numaligarh Refinery and FACT for Refining, Petrochemicals, and Green Energy Projects
AI Summary
Bharat Petroleum Corporation Limited (BPCL) signed three Memoranda of Understanding (MoUs) with Oil India Limited (OIL), Numaligarh Refinery Limited (NRL) and Fertilisers & Chemicals Travancore Limited (FACT) at the 28th Energy Technology Meet 2025 in Hyderabad. The partnerships focus on developing BPCL's upcoming Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port, a cross-country product evacuation pipeline, and a waste-to-energy initiative. The agreements represent significant milestones in BPCL's integrated growth strategy and reaffirm its commitment to building a sustainable and self-reliant energy future for India.
Key Highlights
- BPCL and OIL to explore collaboration for developing a Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port with an estimated investment of ₹1 lakh crore.
- BPCL, OIL, and NRL to jointly construct a 700-km cross-country product pipeline from Siliguri to Mughalsarai via Muzaffarpur with an estimated investment of ₹3,500 crore.
- BPCL and FACT partner for trading of Fermented Organic Manure (FOM) and Liquid Fermented Organic Manure (LFOM) produced from BPCL's upcoming Municipal Solid Waste (MSW)-based Compressed Biogas (CBG) Plant.
- The Ramayapatnam complex will feature a 1.5 MMTPA ethylene cracker unit and is expected to catalyze industrial development, employment generation, and regional energy security.
- The cross-country product pipeline will transport Motor Spirit (MS), High-Speed Diesel (HSD) and Aviation Turbine Fuel (ATF) and will be jointly owned by BPCL, OIL and NRL.