The Reliance Industries Ltd (RIL) has plans to set up petrochemicals downstream projects at its Special Economic Zone (SEZ) in Jamnagar, at an investment outlay estimated at Rs 30,000 crore. A large chunk of the investment (Rs 20,000 crore) will be towards a 30 million ton capacity refinery.
RIL has invited world leaders in petrochemical to concentrate on five major polymer products - polypropylene (PP), PVC, PTA, LDPE and isopropyl alcohol (IPA) for the projects, already sanctioned the by Gujarat, paving the way for approvals from the central government. The SEZ will extend an opportunity to these polymer giants, compelled to find production facilities outside the US and Europe due to refining capacity problems in Europe, to cash on the Indian as well as the global polymer market, which is expanding at an average rate of 8 to 10%
26-Dec-05 
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