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Related Keywords: China, export, fiber, HTSUS, Imports, India, polyester, Reliance Industries Limited, synthetic, United States, yarn

On June 26, 2019, the U.S. Department of Commerce (“Commerce Department”) announced affirmative preliminary determinations that imports of polyester textured yarn from China and India are being unfairly sold below their fair value in the United States at significant double-digit margins, as follows.

Polyester Textured Yarn Imports from China
Producer/Exporter Preliminary Dumping Rate (%)
Fujian Billion Polymerization Fiber Industrial Co Ltd. 77.15
Suzhou Shenghong Fiber Co., Ltd. 77.15
Jiangsu Hengli Chemical Fiber Co., Ltd. 76.07
PRC-Wide Entity / All Others 77.15

Related Keywords: and polyethylene, ethylene, mono-ethylene glycol, petrochemicals, Reliance Industries Limited

Reliance Industries Limited (RIL) completing its multi-billion-dollar expansion of largest operating refinery off-gas cracker (ROGC) world’s largest off-gas cracker facility at its Jamnagar complex. This has also doubled RIL’s ethylene production capacity, which is now close to 4 MMTPA at five of its manufacturing sites. RIL joins the distinguished league of top 5 petrochemical producers globally.

With this, Jamnagar in Gujarat has also become home to the world’s largest operating refinery off-gas cracker, RIL said in a statement.

Related Keywords: Dahej petrochemical facility in Bharuch district Gujarat, Environment Ministry under recommendations, ethane, expansion and debottlenecking, Expert Appraisal Committee, fuel used for proposed project, lean gas, off gas, One of the largest petrochemical companies in India, Reliance Industries Limited, secures environment clearance

One of the largest petrochemical companies in India, Reliance Industries Limited, for its expansion and debottlenecking Dahej petrochemical facility in Bharuch district Gujarat secures environment clearance from Environment Ministry under recommendations received from Expert Appraisal Committee.

The green nod to the proposed project, which will be carried out within the existing plant area of 700 hectare, is subject to some conditions, the official said.

Related Keywords: birth anniversary of RIL Founder Chairman, entire PX capacity, first phase of Paraxylene plant at Jamnagar, Padma Vibhushan Shri Dhirubhai H. Ambani, Reliance Industries Limited, second largest PX producer in the world, step closer to be among top ten petrochemical player, successful commissioning

Reliance Industries Limited (RIL) announced successful commissioning of the first phase of Paraxylene (PX) plant at Jamnagar, Gujarat on the birth anniversary of Reliance’s Founder Chairman Padma Vibhushan Shri Dhirubhai H. Ambani.

The plant with capacity of 2.2 MMTPA is built with state of the art crystallization technolgy from BP which is highly energy efficient and environment friendly. With the commissioning of this plant, RIL’s PX capacity will more than double from 2.0 MMTPA to 4.2 MMTPA.

Related Keywords: build with state-of-the-art crystallisation technology, commissioned at Jamnagar, company’s PX capacity, engaged in numerous activities, new Para-xylene (PX) plant, planning for business expansion, Reliance Industries Limited, RILs polyester value chain, set to more than double, strengthen position in polyester industry globally

Reliance Industries Limited, a company which is engaged in numerous activities which include hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications; is planning for business expansion.

A new Para-xylene (PX) plant, which is set to more than double the company’s PX capacity from 2.0 MMTPA to 4.2 MMTPA has been commissioned at Jamnagar. The new plant has been built with state-of-the-art crystallisation technology from BP.

Related Keywords: brief period owing to increased water salinity, meet requirements of polyester industry, PTA capacity, PTA demand in India, Reliance Industries Limited, restarted and ramping up production to full capacity, shut down its purified terephthalic acid plant at Dahej, surplus PTA exported

Reliance Industries Limited (RIL) that had shut down its purified terephthalic acid (PTA) plant at Dahej for a brief period owing to increased water salinity has not only restarted its Dahej PTA plant but is ramping up production to full capacity.

During the shutdown of its Dahej PTA plant, RIL had ensured that PTA supplies to downstream customers from its Hazira and Patalganga. Now, the customers will be getting PTA from all three locations.

Related Keywords: BASF SE, chemical companies, fluctuation in prices of raw materials, Global monoethylene glycol (MEG) market, highly competitive, major setback for MEG market, Nan Ya Plastics Corporation, PET, polyester fiber, presence of large oil and mining, Reliance Industries Limited, Royal Dutch Shell, Saudi Arabia Basic Industries Corporation (SABIC)

Global monoethylene glycol (MEG) market is anticipated to touch $ 40.85 billion in 2023 from reported turnover of $ 27.21 billion in 2014, which stood at 24,782.6 kilo tones, expanding at a CAGR of 6.1 percent between 2015 and 2023, according to a Transparency Market Research report. Monoethylene glycol is produced from ethylene, a downstream product of crude oil and natural gas.

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: crude oil price, Indian yarn makers, MEG, polyester raw material, PTA, Reliance Industries Limited, rise in raw material price, South Gujarat Textile Processors Association, synthetic yarn, yarn price

The two key raw materials Purified terephthalic acid (PTA) and mono-ethylene glycol (MEG) used in making synthetic yarn although have remained low globally but in India the same have risen by Rs 10-15 per kg in recent past and have remained at high levels putting Indian yarn makers' margins under pressure.