Mumbai: State-run Bharat Petroleum Corporation Ltd (BPCL) plans to set up a world-class state-of-the-art centre of excellence which will help create a futuristic company that is more efficient and innovative, chairman and managing director D Rajkumar said on Friday.
"To support BPCL's digital transformation, BPCL plans to set up a world-class state-of-the-art Centre of Excellence where different stakeholders like business, industry, academia, startups and domain experts collaborate together to create an ecosystem that supports a digitally-enabled organization, thus building a futuristic BPCL that is more efficient, innovative, agile and ahead of the competition," Rajkumar said at the company's annual general meeting in Mumbai.
BPCL has devised an ambitious Go-GDP plan for a greener environment, a digitally enabled ecosystem and a diversified product portfolio, with a concerted foray into the petrochemicals field. "Through these approaches, BPCL aims to pursue sustainable and profitable growth opportunities in the fast-changing energy landscape," added Rajkumar.
Under its Go-Green approach, BPCL plans a sustainable business model through EV charging solutions, biogas generation from waste and captive power generation from solar and wind energy.
As part of its Go-Digital approach, BPCL aims to create a digitally attuned organization, wherein all aspects of the oil and gas value chain would be digitally integrated seamlessly, from the assessment of customer requirement to delivery of product or service.
BPCL, which has forayed into the petrochemicals space under its Go-Petchem approach, is expanding its product portfolio further.
"BPCL’s Propylene Derivative Petrochemical Project (PDPP) at Kochi Refinery for manufacturing niche petrochemicals will be commissioned shortly. BPCL has embarked upon a project for manufacturing polyols, propylene glycol and mono-ethylene glycol at Kochi Refinery, to be completed by 2024," added Rajkumar.