Bharat Petroleum Corporation (BPCL) has received an approval from the Madhya Pradesh (MP) Investment Promotion Committee (MP government) for a revised proposal of Rs 43,000-crore to Rs 50,000-crore for the expansion of Bina Refinery and setting up of a petrochemical project. The project is expected to provide employment to about 2000 youths.
The production is likely to start by financial year 2027-28. Petroleum by-products such as gasoline, diesel, ATF (aviation turbine fuel)/jet fuel, LLDPE (Linear Low Density Polyethylene), HDPE (High Density Polyethylene), bitumen, benzene among others will be produced at the complex. For the availability of feedstock, several downstream MSMEs will be set up in the area.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.
