12 October 2007 09:01 [Source: ICIS news]
MUMBAI (ICIS news)--India’s Reliance Industries Limited (RIL) is expanding its paraxylene (PX) capacity to 4.5 million tonnes/year from 1.9 million tonnes/year, giving the company 15% of global PX capacity, the company chairman said in its annual general meeting on Friday.
The expansion at Jamnagar is planned in two phases, including integration with the refinery, said RIL chairman Mukesh Ambani.
"This will further enable us realise our vision and help build a leadership position in the polyester business. Reliance will continue to organically build the polyester business in India," he added.
ICIS news had earlier reported that RIL was about to decide on the PX project by the end of the year.
RIL would also pursue inorganic growth opportunities in Asia for textiles and in Europe and North America for polyethylene terephthalate (PET), he said.
RIL added it commissioned a 730,000 tonne/year purified terephthalic acid (PTA) plant at Hazira, making it the fourth largest producer of PTA in the world.
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