Reliance Industries has confirmed plans to invest US$9.75 billion – or 700 billion Indian rupees – to build a crude-oil-to-chemicals complex at the company's Jamnagar, India, site.
The project will have a combined capacity to produce 8.5 million tonne of ethylene and propylene, 3.5 million tonne of benzene, toluene and xylenes, 4 million t of paraxylene and orthoxylene, as well as a whole myriad of derivatives across the C1-C6 value chains. This project is considered one of the largest crude-to-chemicals projects to exist. The new capacity additions will raise India’s olefins capacity by 28%, taking total capacity to over 18 million tonne. Additionally, the project will provide a significant leap in India's aromatics capabilities, raising total capacity by 80% to around 17 million tonne
The crude feedstock for the project is likely to be supplied by Aramco, who have a 20% stake in Reliance’s refining and chemicals business.
