BPCL Pours Rs 1.7 Lakh Cr into Future Fuels

Bharat Petroleum Corporation Ltd. (BPCL) has announced an ambitious investment plan of ₹1.7 lakh crore over the next five years, focusing on expanding its core oil refining and fuel marketing operations while making significant inroads into petrochemicals and green energy. This investment marks the first phase of BPCL's "Project Aspire," a strategic initiative designed to nurture its core business and invest in future growth areas.

A key component of BPCL’s plan is its commitment to achieving net-zero carbon emissions by 2040. The company has laid out a comprehensive roadmap that includes renewable energy, green hydrogen, carbon capture, and efficiency improvements, with an estimated investment of ₹1 trillion over the next 16 years.

BPCL is also advancing petrochemical projects at its Bina and Kochi refineries, including a ₹49,000 crore ethylene cracker project in Madhya Pradesh and a polypropylene project in Kerala. The company is exploring additional refining and petrochemical capacities, with Andhra Pradesh emerging as a potential site.

In renewable energy, BPCL aims to establish 2 GW of capacity by 2025 and 10 GW by 2035. Current projects include two 50 MW wind power plants and a 72 MW solar project. The company is also expanding its green hydrogen capabilities and electric vehicle charging infrastructure across India.

BPCL’s green initiatives extend to biofuels, with plans to develop compressed biogas plants using municipal waste to produce CNG, reinforcing its commitment to sustainable energy.

News by Rahul Yelligetti