Reliance Industries Ltd said on Friday that it has successfully commissioned the third and last crystallisation train (Train 3) of its Para-xylene unit at its Jamnagar complex, doubling the company’s PX processing capacity.
Earlier in April, Reliance had commissioned second phase of PX comprising of second crystallization train (Train 2), Trans-alkylation and Aromatic Extraction units at Jamnagar. “Train 3, which was at an advanced stage of commissioning has now been successfully started,” the Mukesh Ambani-controlled company said in a statement.
“This plant is built with state-of-the-art crystallization technology from BP which is highly energy efficient. With the commissioning of this plant, RIL’s PX capacity has more than doubled making it world’s second largest producer of PX with about 11% of global production,” Reliance Industries added in the statement.
Reliance Industries is executing major projects in its energy and materials chain at Jamnagar covering Para-Xylene, Cracker complex along with downstream plants and Gasification.
“These projects will add significant value to Reliance’s Refining & Petrochemical business and enable Jamnagar complex to achieve energy self-sufficiency. The benefits of integration at the Jamnagar complex will set a new paradigm of scale and value addition in the Refining and Petrochemicals industry,” the company had said in April upon commissioning of the second phase of its Para-xylene unit.
Reliance Industries shares ended up 0.42% at Rs 1,335.5 on BSE today, outperforming the benchmark Sensex, which rose 0.16% at today’s close.
Reliance Industries’ shares are on a sustained rise on the prospects of fresh incomes from its petrochemicals and refining business’ under-commissioning facilities, and cash flows from its telecom business, which had seen heavy investments so far.
Reliance Industries expects 65% of its capital expenditure investments to start returning cash flows in FY18, it had said while announcing its fiscal fourth quarter earnings in April.