Cals Refineries, a leading public limited company has announced that it has inked a memorandum of understanding (MoU) with Bharat Petroleum Corporation (BPCL).

Under the MoU, BPCL will off-take petroleum products from CALS.

 According to sources, BPCL, in its first phase, will off-take the part of petroleum products from CALS, which is a 100,000 Barrels Per Stream Day (BPSD) crude oil refinery and in the second phase, it will off-take the entire petro products from CALS which is another 100,000 BPSD refinery at Haldia, West Bengal.

The sources further added that the product off-take by BPCL will entail outputs such as LPG, Propylene, Fuel Oil, Sulphur, Naphtha, Gasoil etc.

In a separate release, Cals Refineries has informed that it intends to build a 4.8 mmtpa refinery involving the relocation of an existing refinery from Germany to Haldia.