09-10 Jun, 2015 - Istanbul, TURKEY
Shangri-La Bosphorus Istanbul
Shangri-La Bosphorus Istanbul
Energy giant Reliance Industries Ltd. is commissioning two petrochemical plants in Gujarat - one is a 1,150 KTA Purified Terephthalic Acid (PTA) plant and another 650 KTA PET resin (Polyethylene Terephthalate) capacity.
The PET and PTA produced by the plants will be used for making polyester plastic used in clothing, packaging, foods & beverages and plastic bottles.
With these new plants, RIL's total PTA capacity will increase to 3.2 million tonnes per annum and its global capacity share will rise to 4 per cent. The energy major also has another PTA plant of similar capacity under construction in Gujarat. Together this will help Reliance become one of the top five PTA producers globally.
Although India is the second largest producer of polyester with a production of 5.4 million tonnes per annum and its polyester market growing at 8-10 per cent per annum, the country faces a deficit of more than 1.5 million tonnes per annum of PTA.
RIL's PTA expansion plans can bridge this gap and help the country move towards PTA self-sufficiency while being in tune with Prime Minister Narendra Modi's vision of 'Make in India'.
The new PET plant, on the other hand, is one of the largest bottle grade PET resin capacity at a single location globally, positioning Reliance as a leading PET resin producer with more than 1.15 million tonnes of PET resin capacity.
This will help the company capture the demand for PET packaging in India which is one of the fastest growing markets with demand growing at 15-20 per cent per annum.
More on RIL's polyester market strategies will be discussed at Polyester Innovations 2015 via the session on 'Changing Dynamics of Polyester Led Growth in Textile & Nonwovens' delivered by Rakesh Gaur, Sector Head - Polyester, Reliance Industries Ltd. The summit is scheduled on 9-10 June, 2015 in Istanbul.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more information.
