Reliance Commissions 1150 KTA PTA Plant
10 Apr 2015
Mumbai, April 10, 2015: Reliance Industries Limited (RIL) is pleased to announce successful commissioning of new Purified Terephthalic Acid (PTA) plant at Dahej, Gujarat. The plant with a capacity of 1150 KTA is built with Invista technology. This state-of-the-art facility is highly energy efficient and environment friendly.
With the commissioning of this plant, Reliance’s total PTA capacity will increase to 3.2 MMTPA and global capacity share to 4%. Paraxylene, the key feedstock for the PTA plant is sourced from Reliance’s Jamnagar refinery. The PTA plant is also forward integrated with a 650 KTA PET plant in the same complex. The integrated operation will help in lower operating cost and capture full chain margins. Another PTA plant of similar capacity is under construction at the same location. With these capacities, Reliance will be placed among the top five PTA manufacturers globally.
India is the second largest producer of polyester with estimated production of 5.4 MMTPA. The Indian polyester market is growing at 8-10% annually. Indian market is currently deficit in PTA by over 1.5 MMTPA. The start-up of the new PTA plant at Dahej will take India closer to self-sufficiency in PTA, in line with the vision of “Make in India” of the Hon’ble Prime Minister Shri Narendra Modi.
Reliance Industries Limited (RIL) is India’s largest private sector company, with a consolidated turnover of ` 4,46,339 crore (US$ 74.5 billion), cash profit of ` 33,980 crore (US$ 5.7 billion) and net profit of ` 22,493 crore (US$ 3.8 billion) for the year ended March 31, 2014.
RIL is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ and continues to be featured for the 11th consecutive year, currently ranking 114th in terms of revenues and 155th in terms of profits. RIL ranks 194th in the Financial Times’ FT Global 500 2014 list of the world’s largest companies. As per Newsweek’s Green Rankings 2014, RIL is India’s greenest and most environment-friendly company, ranking 185th among the world’s largest 500 companies.
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