Committing to their vision for new materials, Reliance Industries chairman Mukesh Ambani, in the 45th AGM on Monday, announced to build India's first and one of the world’s largest Carbon Fibre plants at Hazira, Gujarat. The plants will have a capacity of 20,000 MTPA based on Acrylonitrile feedstock. Overall, in the Oil to Chemical segment (O2C), Ambani Ambani announced an investment of ₹75,000 crore over the next five years to expand capacities in existing and new value chains. These value chains are - Polyester value chain, Vinyl chain, and New Materials.
In the polyester value chain, Ambani announced to build one of the world's largest single-train PTA plant of 3 MMTPA capacity at Dahej.
He said, "We will also invest in a 1 MMTPAPET plant at Dahej. Both PTA and PET will be targeted for completion by 2026. We will also reinvest in Polyester Filament Yarn (PFY) and Polyester Staple Fibre (PSF). Polyester expansion with a capacity of over 1 MMTPA will be completed in phases by 2026."
Meanwhile, in Vinyl chain, Ambani said, "we will more than triple our existing capacity by adding world-scale plants at Dahej and Jamnagar in India, and also in the UAE. We will aim to complete 1.5 MMTPAof feedstock integrated PVC expansion at Dahej and Jamnagar in phases by 2026.
He further added in Vinyl chain, "We will also add capacities to make EDC and PVC at Ruwais, in the UAE, as part of the Ta'ziz Chemical Zone. The joint venture with ADNOC and ADQ will target to full domestic demand of the region. With these expansions, Reliance will rank among the Top-5 producers of PVC globally."
Further, consistent with its vision for New Materials, Ambani said, "we will build in phases India's first and one of the world's largest Carbon Fibre plants at Hazira with a capacity of 20,000 MTPA, based on Acrylonitrile feedstock. We will commence Acrylonitrile production next year and aim to complete the first phase of the carbon fibre plant in 2025."
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