Reliance Industries Limited (RIL), Dow Chemicals, Exxon-Mobil and Sabic are the four companies shortlisted by Saudi Aramco to set up a $8-billion petrochemical plant to be located at the Ras Tanura refinery complex in Saudi Arabia. If Reliance clinches the deal, it would be the largest overseas investment by any Indian company. The upstream project will use the feedstock from the Ras Tanura refinery. The refinery has a hydrocracking facility with a capacity of 325,000 bpd and a 200,000 bpd condensate splitter. The petrochemical complex will have an ethane or naphtha-based cracker unit, an aromatics recovery complex and complementary downstream derivative units to produce new secondary petrochemicals.
Aramco had signed MoUs with several companies for the project. The MoU with Reliance was signed in January when a Saudi Arabian delegation, led by its King visited India. Reliance's Mukesh Ambani is well known for his acumen to handle complex projects within a strict time schedule.
11-May-06 
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