Energy expansion: BPCL plans Rs 95,000 crore refinery-petrochemical unit in Andhra, eyes global refining hub role

Bharat Petroleum Corporation Ltd is considering a greenfield oil refinery and petrochemical complex near Ramayapatnam Port in Andhra Pradesh to meet India's rising energy demand. BPCL is also pursuing 'Project Aspire' to strengthen refining, marketing, and upstream operations while pushing aggressively into renewables, green hydrogen, biofuels, and natural gas. The company aims to achieve net zero emissions by 2040.