State-owned Bangladesh Petroleum Corporation (BPC) seeks about 1000 acres of land at Moheskhali in Cox’s Bazar for setting up a refinery and a large scale plant for Liquefied Petroleum Gas (LPG).
“The Energy and Mineral Resources Division (EMRD) has recently sent a proposal to the Prime Minister Office (PMO) for getting the land,” said officials in the ministry.
The BPC earlier sent the proposal to the EMRD for clearance from the PMO.
At present, the Cox’s Bazar Deputy Commissioner’s office is conducting a feasibility study for Moheskhali-Matarbari Integrated Infrastructure Development Initiative with the support of JICA. As per the initiative, two separate power hubs will be developed at Moheskhali and Matarbari.
The government has already signed deals to construct 10 power plants having a combined capacity of about 12,000MW of electricity between 2025 and 2038 at Moheskhali.
Besides, seven more power plants having combined capacity to generate around 6200MW will be set up between 2024 and 2033 at Matarbari.
The country’s alone refinery has a capacity to process only 14 lakh metric tons of crude oil per annum against the demand of 56 lakh tons of petroleum fuel.
The government is now contemplating for setting up a second refinery having a capacity to refine an additional 30 lakh tons of crude fuel.
According to BPC proposal, the new refinery will be installed near the location of single point mooring with double pipeline project.
The installation of single point mooring with double pipeline project will help unload petroleum refine and crude fuel within two days instead of 10 days from the offshore.