RIL to emerge as the second largest producer of Para-xylene (PX)

RIL in its press release has announced the successful and flawless commissioning of the second and final phase of Para-xylene (PX), comprising of PX Crystallisers trains, Trans-alkylation and Aromatic Extraction units at Jamnagar.

Earlier in December 2016, RIL had announced successful commissioning of the first phase comprising Train 1 of PX plant. Train 2 as part of second phase has been commissioned earlier this month, and the last Train 3, is at an advanced stage of commissioning, and will begin production later this quarter.

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 doubled. Reliance will emerge as the world’s second largest producer of PX with about 11% of global production.

Reliance Industries Limited (RIL), India’s largest private sector company, has been outperforming the benchmark index even as the stock has generated nearly 40% returns over one year.