Reliance Petroleum Ltd (RPL) plans to more than double the area of its special economic zone at Jamnagar from 4,000 acres to around 10,000 acres. The new 30 million ton capacity refinery, which is coming up on the SEZ, is to process 580,000 bpd. The additional area seems essential as downstream petrochemicals projects could use naphtha, paraxylene, pet coke and aromatics to be produced by the refinery as feedstock.
Reliance has plans to invite global giants like Dow Chemicals, Royal Dutch/Shell, Mitsubishi Chemicals, Nippon, ExxonMobil, Huntman and Borealis to participate in the SEZ. Detailed presentations have been made to these companies to focus on 5 major polymer products that have tremendous growth potential in India as well as in China-- polypropylene, PVC, PTA, LDPE and isopropyl alcohol.
Global polymer players have been scouting for investment opportunities in overseas petrochemicals business as problems related to refining capacities in Europe and logistical issues have forced them to look for production facilities outside the US and Europe.
31-Mar-06 
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