Reliance Industries to invest $4 bn in polyester value chain

Reliance Industries Ltd is planning to invest $4 billion in polyester value chain to increase the capacity from 7.5 million tonnes to 15 million tonnes, according to a Business Standard report. According to R D Udeshi, president (polyester chain), Reliance Industries, the company is expanding the entire value chain of polyester including purified terephthalic acid (PTA), the preferred raw material for polyester.
 
Polyester fibre manufacturers have been importing fair quantities of PTA, as there is a gap between demand and supply. Reliance Industries and Mitsubishi Chemical Corporation PTA India are two major manufacturers of PTA in India.
 
FOR COMPLETE REPORT READ: RIL plans polyester chain capacity expansion