Reliance Industries will expand petrochemicals production at its
Jamnagar refinery in India, according to a
The expansion is aimed at helping the
company profit from selling products used in consumer goods
that are more valuable than exported fuels, the
Bloomberg report says.
K.K. Sreeramachandran, general manager in the companys
refining business, made the
announcement at a conference in Dubai.
He said the company will integrate its refining units with additional petrochemicals operations at the
Jamnagar site, seeking to produce more chemicals such as
ethylene, polypropylene and propylene, Bloomberg
The chemicals would mostly be sold to Indias domestic market, the
The expansion is projected to cost from $10 billion
to $12 billion and last three to four years, Sreeramachandran
said, according to the article.
Construction of some units has begun
while contracts are still being awarded for other segments, he
The Jamnagar complex can process 1.24 million bpd of oil and
already produces 1.9 million tpy of polypropylene, the
Bloomberg report said.