Hazira Complex Expansion To Be Completed In 97-98
The Rs 8,730 crore Reliance Industries Ltd will complete the three remaining plants of its ambitious Rs 9000 crore Hazira Phase II expansion project for PET chips, purified terepthalic acid (PTA) and mono ethylene glycol (MEG) by 1997-98, catapulting the company firmly into the global league.
The project will bring about a quantum shift in the scale and cost structure of the company. Alongside, an investment of Rs 5,000 crore will be made by Reliance Industries shortly to create another world class petrochemicals complex at Jamnagar, Gujarat.
With the completion of the proposed Hazira projects simultaneously, the company feels that cost efficiencies will improve substantially due to the spread of fixed costs over larger production, increased degree of production, standardisation of equipment, bulk ordering and sharing of resources among various facilities.
The companys Rs 9000 crore expansion programme at Hazira, once completed, will result in PET chips plant with an installed capacity of 80,000 tonne per annum, a 3,50,000 tonne PTA plant and 1,20,000 tonne MEG plant. RIL has already commissioned its second 2,00,000 tonne per year polyethylene (PE) plant at its Hazira petrochemicals complex near Surat in Gujarat. The PE plant will produce the entire range of HDPE and LLDPE grades required by the Indian plastic processing industry.
The company has also commissioned a 3,50,000 tonne per annum polypropylene plant at Hazira enabling it to corner nearly 45 per cent of the current domestic production.
During 1996-97, the company commissioned the largest grassroot multi-feed cracker.
The cracker has an installed capacity of 7,50,000 tonne per annum of ethylene, 3,65,000 tonne per annum of propylene and over one lakh tonne per annum of aromatics and other by-products.
Haziras expansion will complete Reliance Industries vertical integration chain, and will increase the companys production capacities four-fold to over 6 million tonne per annum.
Once the Hazira and Jamnagar projects are in place, RIL will become the second largest producer of paraxylene and the fifth largest polypropylene (PP) producer in the world.
The total capacity will further grow by 50 per cent to 9.3 million tonne as a result of these two projects.
The project will bring about a quantum shift in the scale and cost structure of the company