BPCL's Bold Step: Tech-Driven Oil Procurement and Green Solutions
BPCL's crude oil buying strategy focuses on techno-commercial viability, sourcing from every geography, including Russia. The company is planning a major Greenfield Refinery in Andhra Pradesh and aims for net-zero emissions by 2040. A memorandum with OIL is exploring potential collaborations and investments.
- Country:
- India
State-owned Bharat Petroleum Corporation Limited (BPCL) is setting a benchmark in its crude procurement processes, embracing a techno-commercial approach to ensure operational reliability in its refineries. BPCL sources oil globally, including from Russia, based on value and efficiency criteria.
BPCL's ambitious plan for a Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Andhra Pradesh is progressing, with efforts underway for environmental clearances. BPCL Chief Sanjay Khanna emphasized the company's commitment to India's net-zero vision, aiming to achieve carbon neutrality by 2040 through improved energy efficiencies.
An MoU with OIL aims to explore investment opportunities in the proposed refinery project, marking a significant move in India's downstream expansion with a projected capacity of 9–12 MMTPA and a $11 billion investment.
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