Technip Energies, an international technology and engineering superpower, has recently been awarded two major BPCL contracts for significant refinery expansions in Bina and Mumbai. The global downstream sector has seen several nations upgrading refineries and operations to meet the anticipated increase in demand. The company is now aiming to develop two new units at the Bina and Mumbai refineries in India.
2026: A new year loaded with potential for downstream growth across the world
As the annual anticipated increase in energy demand becomes a regular occurrence, India is aiming to increase its refining output capacity in 2026. The country has been working diligently with energy developers and operators to efficiently invest in new downstream developments, with the Bina refinery in Madhya Pradesh and the Mumbai refinery in Maharashtra set to receive two new units.
The international energy market has been embroiled in the worldwide energy transition, which calls for increased investments in clean energy generation. Decarbonizing the international energy market is a tried and tested way to reduce emissions from the energy industry.
Despite the calls for a more pragmatic increase in investments in renewable energy, the more traditional downstream oil and gas sector remains the backbone of the global energy sector and will continue to be for the foreseeable future.
Downstream petrochemical production: A new energy future, or merely a distraction?
The reality of the modern-day energy sector has seen several nations that used to rely on traditional refining operations turn to the untapped and underexposed petrochemical sector to provide substantial downstream opportunities while decarbonizing operations at huge refineries.
As part of the new contracts awarded to Technip Energies by Bharat Petroleum Corporation Limited (BPCL), Technip will handle the refinery upgrades and installation of new petrochemical units at the two significant refineries in India.
Two new contracts have revealed the expected downstream growth for India
The first contract awarded to Technip Energies covers the EPCC for new Butene-1 and polypropylene units at the Bina Refinery. The new units will produce 50 KTPA of Butene-1 and 550 KTPA of polypropylene, which are essential components for widely used products across several sectors, including packaging materials and the automotive sector, which has been steadily growing in India in recent years.
The second contract awarded by Bharat Petroleum Corporation Limited covers the Engineering, Procurement, and Construction management (EPCm) services for a new Petro Resid Fluidized Catalytic Cracker Unit (PRFCC) at the refinery in one of the nation’s largest cities, Mumbai. Once completed, it will become India’s first-ever PRFCC unit.
The new contracts come as the government recently launched the latest edition of its upstream licensing round to attract outside investments in its energy sector. The Asian energy market is anticipating an increase in energy demand from the local populace in 2026, along with the vast majority of the rest of the world.
“We are honored to support BPCL on these important development plans for the Bina and Mumbai sites. These awards reflect our client’s confidence in our engineering capabilities and our ability to deliver complex projects. With our strong local presence and decades of expertise, we are proud to contribute to India’s energy infrastructure and economic growth.” – Davendra Kumar, Managing Director, Technip Energies India
Rajasthan is set to welcome a major petrochemical unit this year
As Technip Energies welcomes the new contracts for refinery upgrades and petrochemical unit installations at two refineries, HPCL Rajasthan Refinery is set to welcome a new petrochemical processing unit this year, marking the continued expansion of the nation’s petrochemical output capacity. India is aiming for a new era of increased decarbonization at its refienries and petrochemical production could be one method to achieve its goals.
