{"id":290510,"date":"2019-09-05T05:56:07","date_gmt":"2019-09-05T05:56:07","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=290510"},"modified":"2019-09-05T06:03:26","modified_gmt":"2019-09-05T06:03:26","slug":"bpcl-to-invest-rs-25000-cr-on-an-ethylene-cracker-unit-at-rasayani","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-to-invest-rs-25000-cr-on-an-ethylene-cracker-unit-at-rasayani\/","title":{"rendered":"BPCL to invest Rs 25,000 cr on an ethylene cracker unit at Rasayani"},"content":{"rendered":"<p>State-owned Bharat Petroleum Corporation Ltd (BPCL) will invest about \u20b925,000 crore to set up an ethylene cracker plant at Rasayani, 50 kilometres from its Mumbai refinery, as the firm pushes further into the petrochemicals business to fuel growth.<\/p>\n<p>The share of petrochemicals in BPCL\u2019s portfolio is currently \u201caround 1per cent\u201d as the refiner mostly focussed on transportation fuels so far. But, with electric vehicles coming in, the firm reckons that \u201cit is likely to have some impact on transportation fuels\u201d.<\/p>\n<p>\u201cWe are now thinking of diversifying more into petrochemicals. Our plan is to move from 1 per cent to 10 per cent and, if possible, go up to 15 per cent. This is what the existing configuration of our refineries will allow us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Bharat Petroleum Corporation Ltd (BPCL) will invest about \u20b925,000 crore to set up an ethylene cracker plant at Rasayani, 50 kilometres from its Mumbai refinery, as the firm pushes further into the petrochemicals business to fuel growth. The share of petrochemicals in BPCL\u2019s portfolio is currently \u201caround 1per cent\u201d as the refiner mostly focussed on transportation fuels so far. But, with electric vehicles coming in, the firm reckons that \u201cit is likely to have some impact on transportation fuels\u201d. \u201cWe are now thinking of diversifying more into petrochemicals. Our plan is to move from 1 per cent to 10 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-290510","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=290510"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290510\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=290510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=290510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=290510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}