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India’s Bharat Petroleum to invest $741m at its Kochi refinery

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/12/2014 (17:27)
According to media reports, India’s Bharat Petroleum, a state-run refinery company, plans to invest Rs 4,588 crore (US $741.44 million) to boost capacity at its Kochi refinery by May 2016 and diversify its petrochemical business. The company aims to increase its refinery capacity to 310,000 barrels per day (bpd) from the current 190,000 bpd at Kochi.

After the expansion, the company will expand its output of specialized petrochemical products, targeting to raise local production of products currently being imported into India. The new unit is expected to be launched during the financial year of 2018-2019.
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