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Related Keywords: add significant value to its refining and petrochemical business, cracker, crystallisation technology from BP, highly energy efficient, largest and most complex process units ever built, paraxylene, plant built with state of the art, Reliance Jamnagar projects

Reliance’s Jamnagar projects with some of the largest and most complex process units ever built anywhere in this industry. These projects add significant value to its refining and petrochemical business.

This plant is built with state-of-the-art crystallisation technology from BP, which is highly energy efficient. With the commissioning of this plant, RIL’s PX capacity will be more than double. Reliance will emerge as the world’s second largest producer of PX with about 11% of global production.

Related Keywords: fulfil dream of ‘Make in India, help India attain self-sufficiency, India faces shortfall of PTA, Mukesh Ambani led, paraxylene, Reliance Industries Limited, to set up two new petrochemical plants, using Invista technology

Mukesh Ambani-led Reliance Industries Limited will be soon come up with two new petrochemical plants. These plants will be manufacturing polyester plastic that is used in packaging, plastic bottles, clothing and foods and beverages.

At present, India produces 5.4 million tons polyester every year. This makes the country, the second largest producer of polyester. Every year, the Polyester market is showing growth rate of 8-10%. Indian market is currently facing shortfall of PTA over 1.5 million tons every year. The current capacity will help to overcome this deficit to an extent.

Related Keywords: China, paraxylene

China is the world's largest PX producer, accounting for about a quarter of the global PX production capacity and a major raw material which goes into making of polyester products, will see a wider shortage of paraxylene (PX) supply in 2014, according to a research report warned on Thursday.

In 2013, the domestic PX industry managed to meet only 47 percent of China's demand.

Related Keywords: Foreign Investment Promotion Act, GS Groups, paraxylene, production, SK Chem

With amendment of the Foreign Investment Promotion Act, the global demand for the chemical substance is projected to increase approximately 7% each year in the near future. The SK and GS Groups is also expected to be speed up its paraxylene production.