BPCL’s big investment plan
BPCL will convert 7000 pumps into energy stations out of total 19000 petrol pumps in the coming time. Simultaneous petrol, diesel, flexi fuel, EV charging points at this energy station. The facility of CNG and Hydrogen will be available simultaneously.
Bharat Petroleum Corporation Limited (BPCL), which is on the path of privatization, has made a big announcement. This government company has said that in the next 5 years it will invest Rs 1 lakh crore in petrochemical production. According to BPCL, the company will spend money on expanding its gas business, clean fuel and marketing infrastructure with petrochemicals. The company’s chairman Arun Kumar Singh gave this information on Monday.
BPCL is going to make this investment keeping in view the needs of the future because in the coming times, conventional fuel and zero carbon mobility will go hand in hand. Electric vehicles and hydrogen fuel will play a big role in zero carbon. BPCL is also working on ways to convert crude oil directly into high value petrochemicals. BPCL is the second largest fuel retailer in the country and it is going to create renewable power generation capacity of 1,000 MW in future. BPCL will acquire companies related to this energy, as well as invest in biofuel and hydrogen.
how much will it cost in which area
BPCL will convert 7000 pumps into energy stations out of total 19000 petrol pumps in the coming time. Simultaneous petrol, diesel, flexi fuel, EV charging points at this energy station. The facility of CNG and Hydrogen will be available simultaneously. The chairman of the company said in a statement, BPCL has made a big investment plan in the coming years. The company will invest Rs 1 lakh crore at the group level and most of it will be spent on petrochemicals. Rs 30,000 crore will be spent on expanding refining capacity, Rs 20,000 crore for gas distribution, Rs 18,000 crore for finding gas and oil wells, and Rs 18,000 crore on expanding fuel marketing infrastructure. BPCL will spend Rs 5000 crore on renewable energy and Rs 7,000 crore on biofuel.
Emphasis on production of petrochemicals
BPCL currently operates 3 refineries which include Mumbai, Kochi and Bina. Kochi Refinery is in Kerala and without Refinery in Madhya Pradesh. Crude oil is converted into petrol and diesel in these refineries. The company is setting up a petrochemical unit in its refinery. The newest petrochemical unit in this is in Kochi. Here special chemicals are being prepared by adding value to crude oil. This unit has started in February 2021.
The government wants to make 15 percent of all fuels clean natural gas by 2030, which is currently 6.2%. BPCL is making great efforts for this. Under this, huge investment is being made in city gas network and 12 LNG fuel stations are being built. BPCL has licenses for retail CNG and piped natural gas at 37 locations in the country.
The company will make 1000 charging stations
BPCL and its subsidiaries currently have 1,393 CNG stations. This number will increase rapidly in the next few years. The company is also looking at battery-powered vehicles and is focusing on two-wheelers and three-wheelers. The company has set up EV charging stations at 44 petrol pumps in the country, which are located in major cities. There are plans to build 1000 charging stations by 2023-24. BPCL has also started battery replacement work for three wheelers in Kochi and Lucknow. The company is also focusing on solar and wind energy. In the future, the production of hydrogen will be increased, which is the cleanest source of energy.
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