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Reliance Industries Announces Five Year Plan for its Oil to Chemicals Business

8/30/2022

Reliance Industries Limited (RIL) Chairman Mukesh Ambani spoke at the company’s 45^th Annual General Meeting this week, and he outlined some goals for the next five years of RIL’s petrochemical development. Mr. Ambani stated that “We are committed to maximize oil to chemicals integration and convert our advantageous feedstock streams to high-value chemicals and green materials."

Part of this 75,000-crore plan to expand petrochemical capacities is the proposal to build what RIL considers to be one of the world’s largest single train purified terephthalic acid (PTA) plant in Dajeh, with a capacity of 3 million tons annually. RIL is also developing a 1 million ton per year polyethylene terephthalate (PET) plant onsite, and both the PTA and PET components are due online by 2026.

RIL is also developing new polyvinyl (PVC) production under this five-year plan, with new plants to come in Dahej and Jamnagar in India with expansion of up to 1.5 million tons per year between those two locations. The company also looks to increase ethylene dichloride (EDC) and PVC production at its locations in Ruwais and the UAE’s Ta’ziz Chemical Zone under this five-year plan. Gulf Energy Infrastructure will continue to monitor new developments around these plans.