Reliance Industries Limited, a company which is engaged in numerous activities which include hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications; is planning for business expansion.
A new Para-xylene (PX) plant, which is set to more than double the company’s PX capacity from 2.0 MMTPA to 4.2 MMTPA has been commissioned at Jamnagar. The new plant has been built with state-of-the-art crystallisation technology from BP.
Since PX is the building block for the entire polyester chain, the new capacity will complete the integration within RIL’s polyester value chain, leading to improved margins and also strengthen its position in the polyester industry globally.
The plant, with a capacity of 2.2 MMTPA, will add value to the output from refineries and improve profitability of the Jamnagar complex. On commissioning of the entire PX capacity, RIL will be the world’s second largest PX producer with 9% of global PX capacity and 11% share of global production.
Chairman and managing director, Reliance Industries Limited, Mukesh D Ambani said that commissioning of the new PX plant marks beginning of the culmination of a series of projects including the refinery off-gas cracker, ethane import project and petcoke gasification.
Those projects are part of the largest contemporary investment, in excess of Rs 100,000 crore, in Refining and Petrochemicals sector anywhere in the world.
Their projects are on schedule and at an advanced stage of mechanical completion. The new PX capacity takes them a step closer to being among the top 10 petrochemical players globally. This is a fitting tribute to their visionary founder chairman Shri Dhirubhai H Ambani.
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