Contact Your Financial Adviser Money Making MC
3
January 2018
 |
RIL (The Total Investment
& Insurance Solutions)
Reliance
Industries Limited (RIL) has successfully commissioned and achieved design
throughput of the world’s first ever and largest Refinery Off-Gas Cracker
(ROGC) complex of 1.5 MMTPA capacity along with downstream plants and
utilities. The Total Investment & Insurance
Solutions
With the commissioning of ROGC complex, the largest ever expansion of RIL’s petrochemicals portfolio comes to a flawless completion. This is one of the largest capital expenditure programme globally in the sector in recent times.
The stock is trading at a price of Rs921.85, up by 1.17% or Rs10.7, on NSE.
The ROGC complex has a unique configuration as it uses off-gases from RIL’s two refineries at Jamnagar as feedstock. This innovative approach of integration with refineries provides a sustainable cost advantage, making ROGC competitive with respect to the crackers in the Middle East and North America, which have feedstock cost advantage.
There are nearly 270 Ethylene plants globally with a combined capacity of over 170 MMTPA. RIL’s combined ethylene capacity is now close to 4 MMTPA at five of its manufacturing sites. With ROGC and imported Ethane, RIL has one of the most competitive and flexible cracker portfolios.
Ethylene from ROGC is used in downstream plants to produce Mono-Ethylene Glycol (MEG) and Polyethylene (LLDPE and LDPE). Similarly, Propylene from ROGC has enhanced output of the existing Polypropylene (PP) plants at Jamnagar complex to produce high-value copolymers.
Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “The world’s first ROGC and downstream plants marks a paradigm shift in the profitability and sustainability of RIL’s petrochemicals business. The ROGC complex is built on our core philosophy of deep feedstock integration to establish industry leading cost and efficiency benchmarks. This world scale petrochemicals expansion, once again showcases RIL’s unique competitive advantage in efficient execution of complex projects and flawless commissioning capabilities, adding yet another jewel to its crown. This is a fitting tribute to RIL’s visionary Founder Chairman Shri Dhirubhai H. Ambani”.The Total Investment & Insurance Solutions
With the commissioning of ROGC complex, the largest ever expansion of RIL’s petrochemicals portfolio comes to a flawless completion. This is one of the largest capital expenditure programme globally in the sector in recent times.
The stock is trading at a price of Rs921.85, up by 1.17% or Rs10.7, on NSE.
The ROGC complex has a unique configuration as it uses off-gases from RIL’s two refineries at Jamnagar as feedstock. This innovative approach of integration with refineries provides a sustainable cost advantage, making ROGC competitive with respect to the crackers in the Middle East and North America, which have feedstock cost advantage.
There are nearly 270 Ethylene plants globally with a combined capacity of over 170 MMTPA. RIL’s combined ethylene capacity is now close to 4 MMTPA at five of its manufacturing sites. With ROGC and imported Ethane, RIL has one of the most competitive and flexible cracker portfolios.
Ethylene from ROGC is used in downstream plants to produce Mono-Ethylene Glycol (MEG) and Polyethylene (LLDPE and LDPE). Similarly, Propylene from ROGC has enhanced output of the existing Polypropylene (PP) plants at Jamnagar complex to produce high-value copolymers.
Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “The world’s first ROGC and downstream plants marks a paradigm shift in the profitability and sustainability of RIL’s petrochemicals business. The ROGC complex is built on our core philosophy of deep feedstock integration to establish industry leading cost and efficiency benchmarks. This world scale petrochemicals expansion, once again showcases RIL’s unique competitive advantage in efficient execution of complex projects and flawless commissioning capabilities, adding yet another jewel to its crown. This is a fitting tribute to RIL’s visionary Founder Chairman Shri Dhirubhai H. Ambani”.The Total Investment & Insurance Solutions
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