Financial Daily from THE HINDU group of publications
Thursday, Mar 28, 2002
Financial Daily from THE HINDU group of publications Thursday, Mar 28, 2002 |
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Corporate
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Alliances & Joint Ventures Kvaerner to provide engg services to Reliance plant Our Bureau
MUMBAI, March 27 KVAERNER Powergas India (KPGI) has been selected by Reliance Industries Ltd (RIL) to provide design engineering services to build its 2.2-lakh-tonne per year polyester resin plant at Hazira with technical tie-up with Dupont. With this plant, Reliance existing polyester packaging resin capacity will go up from 80,000 tonnes per year to three lakh tonnes per year. This will be the first plant in the world using this technology and will be uniquely designed to produce high molecular weight PET resins for the fast growing bottle market, according to a company press release. KPGI has engineered some of the major projects for Reliance at Hazira including the two PTA plants, two polypropylene plants and a fine chemicals plant. At present, the company is providing design engineering services for a one-lakh-tonne per year polyester filament and fibre plant under construction at Hazira. Reliance is already the second largest polyester yarn and fibre producer in the world with a capacity of 9,25,000 tonnes per year. With this new plant, the total capacity of the company for polyester yarn, polyester fibre and polyester packaging resin will exceed 1.2 million tonnes per year.
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