31 October 2007 09:39 [Source: ICIS news]
MUMBAI (ICIS news)--India’s Reliance Industries plans to build new world-scale polyester and purified terephthalic acid (PTA) plants downstream of its proposed paraxylene (PX) project in Jamnagar, a source close to the company said.
No financial details were disclosed.
"The PTA plant would have a capacity of 700,000-1m tonnes/year, while the polyester plant would be of 700,000 tonnes/year. Both the plants are likely to be onstream in 2010," the source added late on Tuesday.
Reliance had announced earlier this month that it would be expanding its total PX capacity at its Jamnagar site from 1.9m tonnes/year to 4.5m tonnes/year, giving the company 15% of global PX capacity.
The PX expansion would take place in two phases with sufficient feedstock available from Reliance’s refineries at Jamnagar, said the source.
Reliance’s new 580,000 bbl/day refinery, adjacent to its 660,000 bbl/day refinery, is due to be completed next year.
Reliance currently operates four PTA plants with a total capacity of 2.08m tonnes/year. The company has a total polyester capacity of 2.5m tonnes/year.
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