07 June 2012 12:15 [Source: ICIS news]
(adds paragraphs 9-12 on elastomers, acetyls projects)
“Our current capacity of petrochemicals is 15m tonnes spread over 10 manufacturing locations in
“Our aspiration is to be among the five largest and most profitable petrochemicals producers globally with a diversified portfolio on the Indian market,” he said.
The company has embarked on a number of projects to take full advantage of the feedstock integration and the domestic growth opportunity in
Among the projects being pursued is a gas cracker at
“Implementation of all our projects has begun in full earnest and we expect to see production from newly commissioned projects in phases starting from 12 months to 36 months from today,” he said.
Increasing urbanisation in
“The elastomers business will seek to supply to this rapidly growing market,” he said.
“We are building capacity across the full range of synthetic rubbers at Hazira and
Reliance is also building an acetyls portfolio to cater to the rapidly growing coatings, adhesives and paints markets in
The company’s new projects “will transform our portfolio to include value-added products and higher-margin specialities”, the company chairman said.
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