Published on March 30, 2018

India's Bharat Petroleum Corporation Ltd (BPCL) is planning to build a $3 billion petrochemical unit to serve the Mumbai region. BPCL's expansion is part of a national plan to spend $35 billion on petrochemical production in order to meet the expected increase in consumption of the chemicals for products including plastics, paints and adhesives. India currently only produces about 20 million tonnes a year of petrochemicals, less than the 40 million tonnes of demand expected for the 2017/18 financial year. As per report, the facility would focus on producing propylene, but also produce polyethylene at lower quantities. BPCL is also constructing a 52 billion rupees project at Kochi to produce chemicals like acryl, oxo-alcohols, and acrylic acid used in products like paints, adhesives or textiles, which would be commissioned next year, as per source report.