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Bharat Oman Refineries Limited (BORL) amalgamates with Bharat Petroleum Corporation Ltd.

Petrochemical industry | 04 Jul 2022 IST | Polymerupdate.com
Bharat Petroleum Corporation Limited (BPCL), one of the leading companies in petroleum sector in India, has announced the amalgamation of its subsidiarity refinery Bharat Oman Refineries Limited (BORL), in Bina with itself.

The amalgamation is expected to be mutually beneficial to both companies. BPCL and its group companies have a significant presence in the upstream, refining, and downstream value chain of oil and gas industry while BORL provides product security and logistics advantage in Northern and Central India, through a network of pipelines. Bina Refinery is therefore of strategic importance to BPCL in its efforts to meet the demand for petroleum products in the hinterland.

Additionally a cost optimisation on purchase of crude oil, flexibility in crude feedstock selection, optimisation in production planning /product mix for the refineries are some of the major benefits on crude procurement.

Speaking on the development, Arun Kumar Singh said, "As the energy landscape undergoes massive changes, BPCL has formulated definitive plans to expand its footprints across the energy sector and diversify for future growth and sustainability. With the amalgamation of Bina Refinery we will build the capabilities to compete more effectively and profitably in the fast changing energy marketplace.”

Bina Refinery will have an unrestricted access to BPCL’s marketing network to evacuate its products. Several renewable energy projects, 1.2 MMTPA Ethylene Cracker Unit and petrochemical infrastructure have been envisaged for the large land parcel, available with Bina Refinery. These projects being cost intensive will get quicker financial closure, after the amalgamation. Additionally, they will also have access to BPCL’s support functions, business processes and talent pool.

Bharat Petroleum’s Refineries at Mumbai, Kochi and Bina have a combined refining capacity of around 35.3 MMTPA, while its marketing infrastructure includes a network of installations, depots, retail outlets, aviation service stations and LPG distributors. Its distribution network comprises over 20,000 Retail Outlets, over 6,100 LPG distributorships, 733 Lubes distributorships, 123 POL storage locations, 53 LPG Bottling Plants, 60 Aviation Service Stations, 3 Lube blending plants and 4 cross-country pipelines.

Bina Refinery, a versatile refinery, processes 47 types of crudes and have recently started production of Mineral Turpentine Oil, as well. It boasts of an integrated Full Conversion Hydrocracker and Diesel Hydro-treater, which is the first of its kind in India and a Delayed Coker Unit to upgrade bottoms of the barrel.



About Bharat Petroleum Corporation Ltd. (BPCL):

Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the elite club of companies having greater operational & financial autonomy.

Bharat Petroleum’s Refineries at Mumbai & Kochi and subsidiary Bharat Oman Refineries Ltd., at Bina, Madhya Pradesh have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, energy stations, aviation service stations and LPG distributors. Its distribution network comprises over 20,000 Energy Stations, over 6,200 LPG distributorships, 733 Lubes distributorships, and 123 POL storage locations, 54 LPG Bottling Plants, 60 Aviation Service Stations, 4 Lube blending plants and 4 cross-country pipelines.

Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has chalked out the plan to offer electric vehicle charging stations at around 7000 energy stations over next 5 years.

With a focus on sustainable solutions, the company is developing a vibrant ecosystem and a road-map to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting innumerable initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be the most admired global energy company leveraging talent, innovation & technology.
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