RIL to setup largest integrated 2 MMTPA petrochemical complex at $3bn outlay

Reliance Industries Ltd, India's largest private sector company on all major financial parameters is planning to build one of the largest integrated cracker and petrochemicals complex with a total capacity of 2 mmtpa in the SEZ at Jamnagar. This cracker will use refinery off gases and other byproducts as feedstock to manufacture ethylene, propylene and its downstream commodity and speciality derivatives.

The proposed facility will be built at a capital cost of US $ 3 billion and is expected to go on stream by 2010-11. This unique integration with the refinery will place the proposed cracker complex at par with the most efficient producers of olefins and derivatives in the world including those in the Middle East and will enable the Company to achieve one of the most competitive cost positions.

Source : Equity Bulls

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