RIL becomes world's second largest PX producer

The new plant has increased RIL’s PX capacity, which has more than doubled making it second largest PX producer globally with about 11 per cent of global production.

Pursuant to installation and mechanical completion of the entire PX complex in the previous quarter, Reliance commissioned second phase of PX comprising of second crystallisation train (Train 2), Trans-alkylation and Aromatic Extraction units at Jamnagar in April 2017.

“Train 3, which was at an advanced stage of commissioning has now been successfully started,” RIL said in a statement.

RIL is India’s largest private sector company with activities spanning hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services. For the year ended March 31, 2017, the company registered a consolidated turnover of Rs 330,180 crore ($50.9 billion), cash profit of Rs 42,800 crore ($6.6 billion), and net profit of Rs 29,901 crore ($4.6 billion). (RKS)

Fibre2Fashion News Desk – India