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Reliance Industries commissions new PTA plant
13
Apr '15
India’s largest private sector company Reliance Industries has announced successful commissioning of new purified terephthalic acid (PTA) plant at Dahej in Gujarat.
 
Built with Invista technology, the new state-of-the-art plant has a capacity of 1150 KTA, and is highly energy efficient as well as environment-friendly, said a press release from Reliance Industries.
 
With the commissioning of the new facility, Reliance’s total PTA production capacity has gone up to 3.2 MMTPA and its share in global capacity increased to 4 per cent.
 
Paraxylene, the key feedstock for the PTA plant, will be sourced from the company’s Jamnagar refinery. The PTA facility is also forward integrated with a 650 KTA PET plant in the same complex. The integrated operation will lower operating cost and capture full chain margins.
 
Reliance is currently constructing another PTA plant of similar capacity, also in Dahej. Once the under-construction plant goes operational, Reliance will become one of the top five global PTA manufacturers.
 
At present, Indian polyester market is deficit in PTA by over 1.5 MMTPA. Hence, the start of new PTA plant takes India a step closer to self-sufficiency in PTA.
 
For the year ended 31 March, 2014, Reliance Industries clocked a consolidated turnover of Rs 4,46,339 crore and net profit of Rs 22,493 crore.
 
Globally, India is the second-largest producer of polyester with estimated production of 5.4 MMTPA. The Indian polyester market is projected to be growing at 8-10 per cent annually. (RKS)

Fibre2fashion News Desk - India

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