State-owned Bharat Petroleum Corporation Ltd (BPCL) will invest about ₹25,000 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 company only holds 1 % of petrochemical business in the country and now it wants to increase its share to 10%. “The main thing for Rasayani is petrochemicals which will be done in two phases. In the first phase, we will put up the LPG and POL plants and replace the old Catalytic Cracking Unit (CCU) and Fluidized Catalytic Cracking Unit (FCCU) with a modern Petro Resid Fluidized Catalytic Cracking Unit (PRFCC), which will produce Propylene,” R Ramachandran, director (refineries), BPCL, said.
