Reliance Commissions 650 KTA PET Resin Plant
10 Apr 2015
Mumbai, April 10, 2015: Reliance Industries Limited (RIL) is pleased to announce successful commissioning of PET resin (Polyethylene Terephthalate) capacity at Dahej, Gujarat. The plant consists of two lines with a combined manufacturing capacity of 650
KTA. The plant has been built with Invista Technology for Continuous Polymerization and Buhler AG Technology for Solid State Polymerization.
This is one of the largest bottle-grade PET resin capacity at a single location globally. This consolidates Reliance’s position as a leading PET resin producer with a global capacity of 1.15 MMTPA. Current global effective PET resin capacity is estimated at 30 MMTPA. PET resin from the new capacity would find application in packaging for water, carbonated soft drinks, pharmaceuticals and other food & beverages.
The plant is equipped with state-of-the-art technology for consistent quality and reliable production capability. New capacity addition by Reliance will greatly help the downstream bottle and packaging industry in meeting the increasing demand from India and the region. India is one of the fastest growing markets for PET packaging with demand growing by 15-20% annually.
Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG), the two feedstock for the new PET plant are available within the Dahej complex. This offers significant logistics advantages in the form of lower freight costs along with consistent product quality due to in-house raw material linkages.
In line with the “Make in India” initiative of Hon’ble Prime Minister Shri Narendra Modi, this world-class PET facility will enable further investments in downstream PET bottle manufacturing capacities.
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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