Business & Economy
Reliance Industries commissions new paraxylene plant at Jamnagar in Gujarat
Mumbai, December 28, 2016
Energy and petrochemicals major Reliance Industries Limited (RIL) today said that it had successfully commissioned the first phase of its new paraxylene (PXP) plant at Jamnagar in Gujarat.
The announcement came on the birth anniversary of RIL founder Chairman Dhirubhai H. Ambani.
A press release from the company said the plant, with capacity of 2.2 MMTPA, is built with state-of-the-art crystallization technology from BP which is highly energy efficient and environment friendly.
With the commissioning of this plant, RIL’s PX capacity will more than double from 2.0 MMTPA to 4.2 MMTPA, it said.
On commissioning of entire PX capacity, Reliance will be the world’s second largest PX producer with 9% of global PX capacity and 11% share of global production, it said.
The new PX capacity will add value to the output from refineries and improve the profitability of the Jamnagar complex, the release said.
PX is the building block for the entire polyester chain. The new capacity will complete the integration within Reliance’s polyester value chain, leading to improved margins and also strengthen its position in polyester industry globally, it said.
“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. These projects are part of the largest contemporary investment, in excess of Rs. 100,000 crore, in Refining and Petrochemicals sector anywhere in the world. Our projects are on schedule and at an advanced stage of mechanical completion. The new PX capacity takes us a step closer to being among the top 10 petrochemical players globally. This is a fitting tribute to our visionary Founder Chairman Shri Dhirubhai H. Ambani,” said RIL Chairman and Managing Director Mukesh D. Ambani.