The Ratnagiri Refinery & Petrochemicals Ltd. (RRPCL) is a project of great national importance which provides for the future energy security of the country and its people. The project promoters are presently the three major public Sector Oil companies namely Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd. all of whom are committed to serving the needs of the domestic customers and have a history of ensuring that the critical energy needs of every Indian is serviced in every nook and corner of the country.
This Maha project will bring a huge positive change to Ratnagiri and Sindhudurg Districts and the state of Maharashtra through the overall economic development of the region. The project when implemented will contribute to the growth of GDP in the state of Maharashtra by over 10% and would enable the state to becoming a trillion dollar economy rapidly.
The Maha project of RRPCL would lead to direct employment during the construction phase of over 1,50,000 people and once commissioned the project itself would contribute to employment for nearly 20,000 directly besides lakhs of indirect employment.
The project is at an investment of over Rs. 3 lacs crores and has the potential for several other downstream development activities which will further add to the investments by at least another 20% more. A mega investment of this size has not been seen before in any part of the country. This would be a major step towards creating a secure future that provides access to efficient and sustainable energy and value added products.
Spreading over 15,000 acres, the RRPCL complex is slated to house a world-class refinery-cum-petrochemical complex, with over 50 inter-connected units. With storage and port facilities coming up in 1000 acres, it will showcase the most modern technology and economies of scale to achieve the best in terms of both operational efficiency and value creation.
The refinery, to be commissioned by the year 2025, will produce Euro-VI and higher quality automotive and aviation fuels benchmarked to international standards, besides a wide range of petrochemical products. Strategically located on the west coast for ease of access to global markets, it offers ideal conditions for imports and exports.
The world-scale refinery will have high flexibility to process a wide variety of crude oil grades from diverse sources. It can be configured to swing easily between petroleum fuels and petrochemicals, with the highest level of integration and energy efficiency.
The mega project will provide a major fillip to the socio-economic developments of the region and India as a whole. Even the overseas countries would benefit with exports of petrochemical and other allied products.