A self-finance project having a capacity of 3x1250-Bbl/day is now in production to fractionate the condensate brought from Bibiyana Gas Field of Chevron Bangladesh into petrol, diesel, kerosene. As per DPP estimated cost of the project is Tk.15855.53 lakh including a foreign currency component of Tk.13518.88 lakh.

In the first phase, installation of a 1× 2500-bbl/day capacity condensate fractionation plant has been completed under EPC contract and is now on operation since 09-08-2009 . The fractionated petrol, diesel, kerosene have been in sale since 09-08-2009 . Alongside, a portion of petrol is being converted to octane by the mixture of an additive called Octane Booster since 27-04-2010 .

In the second phase, for the installation of a 1× 1250-bbl/day capacity condensate fractionation plant an EPC contract was signed on 23-12-2009 with M/s Zicom Equipment Pvt. Ltd., Singapore .

Rashidpur Condensate Fractionation Plant has been inaugurated by the Hon’ble Prime Minister, Government of the People’s Republic of Bangladesh , on 30 April, 2012 .