New Delhi: Billionaire Mukesh Ambani-led Reliance Industries (RIL) plans to remove production bottlenecks at its flagship Vadodara Manufacturing Division (VMD) at a cost of Rs 2,270 crore as part of a plan to increase petrochemical output, the company said in an application to the environment ministry.
“A majority of the offsite and other infrastructure facilities required for the petrochemical manufacturing and production are already available through the existing VMD facility. Therefore, the proposed modifications and de-bottlenecking would result in enhanced production, with minimum investment on supporting facilities than that required for setting up new stand-alone production units,” RIL said in the application.
Apart from increasing the production of existing petrochemicals, the company plans to add other products including Di-Ethylene Glycol, Tri-Ethylene Glycol, Poly-Ethylene Glycol, Heavy Normal Paraffin, Light Normal Paraffin, Heavy alkylates and Heavy aromatics.
The major raw material for the facility will be naphtha which will be sourced from RIL’s Jamnagar refinery.
The company’s petrochemical production last fiscal increased 16 per cent to 37.7 Million Tonne, helping it increase its petrochemical segment revenue to Rs 1,72,065 crore, as compared to Rs 1,25,299 crore recorded in the previous fiscal.
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