Reliance Industries commissions new Paraxylene plant at Jamnagar

Reliance Industries on Wednesday announced the commissioning of the first phase of Para-xylene (PX) plant at Jamnagar, Gujarat.

On the birth anniversary of Reliance’s Founder Chairman Late Dhirubhai Ambani, RIL said that Gujarat plant have the capacity  of 2.2 MMTPA is built with state-of-the-art crystallization technology from BP which is highly energy efficient and environment friendly.

With the commissioning of this plant, RIL’s PX capacity will more than double from 2.0 MMTPA to 4.2 MMTPA. Also, the company has now hold 9% of global PX capacity and 11% share of global production.

Speaking about the new plant, Mukesh Ambani, Chairman, Reliance Industries, said, "Commissioning of the new PX plant marks beginning of the culmination of a series of projects including the refinery off-gas cracker, ethane import project and petcoke gasification. These projects are part of the largest contemporary investment, in excess of Rs. 100,000 crore, in Refining and Petrochemicals sector anywhere in the world. Our projects are on schedule and at an advanced stage of mechanical completion."

The company in a release said that the new PX capacity will l add value to the output from refineries and improve the profitability of the Jamnagar complex. It will also complete the integration within Reliance’s polyester value chain, leading to improved margins and also strengthen its position in polyester industry globally. 

The shares of the company closed at Rs 1052.20 per share, down 1.15%, or Rs 12.20 on BSE.