IREP adjudged global TOP REFINING PROJECT
02 Jan 2020 | BPCL
Bharat Petroleum's Integrated Refinery Expansion Project (IREP) at Kochi Refinery has been adjudged as winner of the TOP REFINING PROJECT for the year by international journal Hydrocarbon Processing (HP).
HP the leading international publication that covers technical advances and news of the global hydrocarbon processing industries shortlisted four projects across the globe. IREP of Kochi Refinery and major projects from Refineries of United States of America, Vietnam and Italy were the final four. The criteria of selection was projects which are anticipated to significantly impact global or regional downstream industries through CAPEX, satisfying domestic or regional demand, diversifying product offerings, and/or adding to resurgence in refining and petrochemical processing capacity.
The IREP at a cost of Rs 16,500 crores was the biggest investment made by Bharat Petroleum at a single location and has transformed Kochi Refinery into the largest Public Sector Refinery in India. The project saw the augmenting of Refinery capacity from 9.5 MMTPA to 15.5 MMTPA and the foray into Petrochemicals. "I wish that Kochi Refinery leads a Petrochemical revolution in southern India and support the growing needs of a New India," said the Hon’ble Prime Minister of India as he dedicated the IREP to the Nation and laid the foundation stone of the Petrochemical Complex at Kochi Refinery in January 2019.
This global citation as the TOP REFINING PROJECT of the year is a huge recognition for BPCL Refineries and Kochi Refinery welcomes this recognition with a deep sense of pride and satisfaction of having delivered one of the biggest transformational projects in the country.
We salute all the hands and hearts that have worked tirelessly for making IREP a reality.
Click here to read report in HP Magazine