Last Updated : Thursday, December 29, 2016 18:25:56

Reliance Industries commissions new Paraxylene plant at Jamnagar complex, doubles paraxylene production capacity

JAMNAGAR | MUMBAI | AHMEDABAD | RAJKOT – Reliance Industries Ltd commissioned first phase of 2.2 million tones per annum new paraxylene plant at Jamnagar complex doubling the capacity to 4.2 million tones per annum from 2 million tones per annum of paraxylene production, the company press release said.

The new plant is build with state-of-the-art crystallization technology from BP which is claimed by the company to be energy efficient and environment friendly, which will add value to the output from refineries and improve the profitability of Jamnagar complex, the release said.

Paraxylene is a building block for entire polyster chain, the new capacity will complete the integration within the company’s polyster value chain leading to improved margins and also strengthen its position in polyster industry globally, on integration of entire paraxylene capacity, Reliance Industries will emerge as world’s second largest paraxylene producer with 9% of global paraxylene capacity and 11% share of global paraxylene production, the release said.

Mukesh Ambani, Chairman, Reliance Industries Ltd was quoted in the company press release saying, “Commissioning of new PX plant marks beginning of the culmination of series of projects including the refinery off-gas cracker, ethane import project and petcoke gassification … The new PX capacity takes us closer to being among the top 10 petrochemical players globally.”

These project are part of the largest contemporary investment, in excess of 1 trillion (100,000 crore) rupees in refining and petrochemical sector anywhere in the world, the company’s projects are on schedule and at an advanced stage of mechanical completion, Ambani was quoted further.

Announcement of plugging additional paraxylene capacity to existing Jamnagar complex was out late night today, after the closing of trading hours on Indian bourses, shares of Reliance Industries ended flat on the two leading Indian bourses – The Bombay Stock Exchange and The National Stock Exchange.


FacebookGoogle+LinkedinTwitterYouTube, Blogspot, Telegram, Instagram 


Do NOT follow this link or you will be banned from the site!