Gujarat part of Mukesh Ambani’s RIL AGM speech

Jamnagar

“We have over 100,000 people at Jamnagar working round the clock to complete the projects in petrochemicals and refining.This makes Jamnagar one of the largest constructions sites in the world today.

In our plastics business, we are building a world scale 1.5 million tons ethylene cracker at Jamnagar.

The Jamnagar refineries processed 480 million barrels of crude, at an average operating rate of nearly 110%, which is significantly higher than our regional and global peers.

The Jamnagar refineries processed several new challenging crudes during the year, taking the total number of crudes processed so far to a record 144 grades.

The high quality fuels from the Jamnagar refineries meet the specifications of all key global markets, including the most environmentally stringent ones.

We are now implementing a Coke gasification facility at Jamnagar, which is also one of the largest clean coal initiatives in the world.

This gasification project is based on contemporary technology and is the largest of its kind built in the world.

It will convert low value petroleum coke to a clean energy source for our refinery complex, thus rendering Jamnagar energy self-sufficient as well as enhancing the profitability significantly.

We expect the gasification project to be ready for start-up in phases starting from early 2016.

Upon completion, the project is expected to save nearly 1.5 billion dollars annually by substituting imported LNG with the gas produced by it.

The hydrocarbon rich refinery off-gases freed as a result of this project will be utilized as feedstock for petrochemical plants, thus generating significant additional value.

Gasification shall further enhance the uniqueness of Jamnagar refineries path-breaking configuration as one of the iconic refineries in the world, and sustain our global leadership in the refining and marketing business.

In our plastics business, we are building a world scale 1.5 million tons ethylene cracker at Jamnagar.

This will be ready for start-up in the third quarter of the next financial year.

This world-scale cracker is unique as it is entirely based on 100% refinery off gas as feedstock.

We are building this cracker at significantly lower capital cost to our peers in NorthAmerica.

This cracker complex is conceptualized on a full integration from feedstock to downstream derivative capacities.

The products from this cracker will meet increased domestic demand, save precious foreign exchange, create additional employment and provide a fillip to value added exports.

India is fast emerging as an automobile hub with resulting growth in elastomers demand.

We have strengthened our elastomers portfolio by commissioning 150,000 tons per annum of SBR capacity.

This is on top of the expansion of the PBR capacity by 115,000 tonnes per annum last year.

All these petrochemical investments are geared to deliver superior performance in the years to come by focusing on capital cost competitiveness, continuous cost reduction initiatives and operational excellence.

These will strengthen the Government’s Make in India initiative as each of our petrochemical venture provides raw material to tens of thousands of downstream processors that provide livelihoods to millions of Indians.”

Hazira and Dahej

“In order to enhance the competitiveness of our existing ethylene crackers at Nagothane, Hazira and Dahej, we are working aggressively in creating infrastructure for transporting feedstock Ethane from the US to India.

We will be ready for start-up of another 1.15 million tons per annum of PTAcapacity at Dahej by October this year.

With this, our total PTAcapacity will be 4.5 million tons per annum, making us the fifth largest PTAproducer in the world.

In order to enhance the competitiveness of our existing ethylene crackers at Nagothane, Hazira and Dahej, we are working aggressively in creating infrastructure for transporting feedstock Ethane from the US to India. We will be the first to execute this globally at this magnitude and scale.

This will be ready for start-up by December 2016.

The sourcing of Ethane and integration with the refinery will result in feedstock security as well optionality in feedstock usage and will significantly improve the earnings potential of our integrated plastics business.”

Jio Gardens

Last month, we inaugurated the Jio Garden spread over 13,000 sq. ft along with an integrated large car park in BandraKurla Complex in Mumbai. 50 plus Jio gardens of a planned 400 gardens are currently under development across the nation as in Agra, Nashik, Chennai, Noida, Lucknow and Ahmedabad, to name just a few.

– DeshGujarat