Union minister of chemicals and fertilizers D V Sadananda Gowda laid the foundation stone of HPG (Hydrogenated Pyrolysis Gasoline) 2nd stage plant at Brahmaputra Cracker and Polymer Limited (BCPL) in eastern Assam’s Dibrugarh on Thursday.
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 crore has been approved by Central Government.
In the first phase, BCPL shall set-up a HPG 2nd Stage plant at a cost of Rs. 125.99 crore.
This project having 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 Prime Minister Narendra Modi on February 5, 2016.
The plant was stabilized within eight 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 commendable market share of about 90 per cent (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 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 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 the downstream plastic processing units in north-eastern region.