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Chairman's speech at RIL's 36th AGM
21 Jun '10
4 min read
Currently, due to the current economic crisis, capacity building in this sector globally is at a low.
This provides Reliance with a unique opportunity to build world scale capacity at competitive capital costs.
All these augur well for rapid growth and profitability of the petrochemical business of Reliance.
I had announced the setting up of an off-gas cracker at Jamnagar in 2007.
We are accelerating the implementation of this cracker.
This off-gas cracker with over 1.5 million tons per annum of olefins capacity with matching downstream capacities will be one of the largest facilities in the world.
MEG from cracker will add to our leadership position in the polyester business.
Further, we will value-add kerosene to Normal paraffin at Jamnagar to address the growth opportunity in the growing Indian detergent market.
Reliance is the largest player in the synthetic rubber business in India.
We want to build on this leadership to become one of the top ten elastomer companies in the world.
Reliance will create additional capacities of poly butadiene rubber at Baroda and styrene butadiene rubber at Hazira. And butyl rubber in a JV partnership with SIBUR to complete a comprehensive portfolio in the synthetic rubbers domain.
In the next five years, our total investment in all the new polyester and petrochemical manufacturing facilities will be the largest investment in this sector to be made anywhere in the world at any given point of time.
This will contribute to enhanced market share and cashflows. A combination of higher capacities, new product domains and competitive feedstock will reinforce the status of Reliance as the most profitable petrochemical producer in the world.
Click here to read more details:
This provides Reliance with a unique opportunity to build world scale capacity at competitive capital costs.
All these augur well for rapid growth and profitability of the petrochemical business of Reliance.
I had announced the setting up of an off-gas cracker at Jamnagar in 2007.
We are accelerating the implementation of this cracker.
This off-gas cracker with over 1.5 million tons per annum of olefins capacity with matching downstream capacities will be one of the largest facilities in the world.
MEG from cracker will add to our leadership position in the polyester business.
Further, we will value-add kerosene to Normal paraffin at Jamnagar to address the growth opportunity in the growing Indian detergent market.
Reliance is the largest player in the synthetic rubber business in India.
We want to build on this leadership to become one of the top ten elastomer companies in the world.
Reliance will create additional capacities of poly butadiene rubber at Baroda and styrene butadiene rubber at Hazira. And butyl rubber in a JV partnership with SIBUR to complete a comprehensive portfolio in the synthetic rubbers domain.
In the next five years, our total investment in all the new polyester and petrochemical manufacturing facilities will be the largest investment in this sector to be made anywhere in the world at any given point of time.
This will contribute to enhanced market share and cashflows. A combination of higher capacities, new product domains and competitive feedstock will reinforce the status of Reliance as the most profitable petrochemical producer in the world.
Click here to read more details:
Reliance Industries Limited
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