RIL to be 4th largest producer of polypropylene by 2008: Mukesh

Mumbai, June 27 (UNI) Reliance Industries (RIL) is set to build a robust next-generation polyester business that will go beyond global leadership on manufacturing scale in creating a differentiated polyester portfolio.

Stating this at the annual general meeting (AGM) of the company, RIL Chairman Mukesh Ambani said, ''By 2008, RIL will emerge as the fourth largest producer of polypropylene in the world.'' By April this year, the company has expanded the capacity of polypropelene plant at Jamnagar by 2,80,000 tonnes per year, Mr Ambani mentioned.

By 2008, another 9,00,000 tonnes polypropylene capacity per year would be added at the new export-oriented refinery of Reliance Petroleum, he added.

''With this, Reliance would then emerge as the fourth largest producer of polypropylene in the world,'' he said Apart from integrating the operations of IPCL, NOCIL and SM Dyechem with the company, Reliance also continues its pace in bringing additional capacities on stream in petrochemicals, the RIL chief said.

A new butadine manufacturing facility at Hazira, with a capacity of 1,40,000 tonnes per year, expansion of the paraxylene plant at Jamnagar by 3,10,000 tonnes per year and an additional 2,70,000 tonnes of benzene at Jamnagar by deploying a new generation catalyst would be set up, he said.

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