Union Minister DV Sadananda Gowda lays foundation stone for HPG 2nd Stage Plant at BCPL

Dibrugarh: Union Minister of Chemicals and Fertilizers DV Sadananda Gowda laid the Foundation Stone for HPG 2nd Stage Plant at BCPL Dibrugarh. The HPG (2nd stage) will be a 52,000 TPA plant. This new project once executed will yield value-added product leading to the realisation of better margins.

The total cost of setting up of the HPG (2nd stage) plant is estimated at Rs. 125.99 crores.

The proposed plant is to be set up within the premises of the existing Petrochemical complex at Dibrugarh, Assam.

Union Minister D. V. Sadananda Gowda, Union Minister of Chemicals and Fertilizers laid the foundation stone for HPG 2nd Stage Plant at BCPL Lepetkata today in the august presence of Union Minister of State for Food Processing Industries Rameswar Teli, Member of Parliament, Lok Sabha, Topon Kr. Gogoi, Members of Legislative Assembly, Assam, Terosh Gowala, Bimal Borah, Chakradhar Gogoi, Sanjoy Kishan & Jogen Mohan besides a host of other dignitaries including Kashi Nath Jha, Joint Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals and Fertilizers, Govt. of India.

The proposal for setting up a Butene-1 and 2nd Stage Hydrogenation of Pyrolysis Gasoline (HPG) plant at Lepetkata at a cost of Rs. 386 Cr, has been approved by Government of India.

In the first phase, BCPL shall set- up an HPG 2nd Stage plant at a cost of Rs. 125.99 crore. This project having a capacity of 52,000 TPA will produce a value-added product which can be blended with motor spirit.

BCPL was commissioned on 2nd January 2016 at a cost of Rs. 9,965 crore and was dedicated to the Nation by the Hon’ble Prime Minister, on 5th February 2016. The plant was stabilized within 8 months of commissioning and achieved full capacity operation during 2018-19. In the current financial year also, the plant is operating at above 100% capacity. Company has made remarkable progress in the last fiscal, achieving its maiden profit and is witnessing a consistent increase in its market share of Polymer. BCPL has made a commendable market share of about 90 % (as far as LLDPE & PP is concerned) in the north-eastern region. The products of BCPL are also being exported to Bangladesh. The BCPL plant was conceived and set up in this region with a purpose of judicious utilization of locally available feedstock in order to provide raw materials accessible to the local plastic process industries.

BCPL is a mega petrochemical project on which rests the hopes and aspirations of the people of Assam. The plant employs around 700 permanent employees and additionally around 2600 manpower under contract are working inside the petrochemical complex. BCPL has not only generated direct and indirect employment but more importantly, the project has also brought a positive change in the industrial climate of Assam. Huge numbers of local people were employed in the project during the construction stage and many of them are still working in the complex. The project has created thousands of skilled hands, be it as fitter, welder, mechanic, electricians, operators, etc. There has been a significant change in the commercial environment around the vicinity of the plant which has benefitted from a resultant and complete ecosystem of economic activities sustained by the project. The major generation of employment would come from downstream plastic processing units in the Northeast Region.

Also Read: Industry bodies celebrate 73rd Independence Day at Namrup BVFCL Gandhi Maidam

Also Watch: AASU staged sit-in demonstration in Namrup