RIL will enhance capacity to 4.5 million tonnes per annum (mtpa) in two phases at Jamnagar from 1.9 mtpa now to grab 15 per cent of the global market of paraxylene, used for making plastics and polyester.
Reliance Industries plans to invest US$8-9 billion over next 3-4 years at its petrochemical and refinery complex in Gujarat and sees acquisitions and initiatives in agriculture and rural areas as key growth drivers.
Addressing the company’s 33rd AGM, Chairman & Managing Director Mukesh Ambani said over next three to four years, the company would be investing US$8-9 billion in the Jamnagar Super Site.
RIL will enhance capacity to 4.5 million tonnes per annum (mtpa) in two phases at Jamnagar from 1.9 mtpa now to grab 15 per cent of the global market of paraxylene, used for making plastics and polyester.
“Reliance will it will leverage the India — based strength to pursue inorganic growth opportunities in Asia for textiles and in Europe and North America for PET,” he said. RIL will also be building world’s largest petrochemical complex at Jamnagar with a capacity of two million tonnes per year.
Derivatives footprint
Expanding the derivatives footprint beyond the traditional commodity petrochemicals to specialities such as etheylene oxide derivatives and acrylics, RIL would extend its petrochemical participation to feedstock-rich countries and high-growth markets like Egypt and Russia emulating the success of polyester business.
The expansion of Jamnagar refinery would be finished ahead of schedule next year at half the cost of international refineries of similar size, he said.
