October 14, 2008

Reliance to set up third refinery at Jamnagar

BS reported that Reliance Industries Limited is evaluating a plan to set up its third refinery at Jamnagar in an ambitious project to reach a total capacity of 100 million tonne per annum. It has appointed a global oil and refinery consultancy firm to evaluate the feasibility of the project, which will help capitalize the increased requirement for global crude distillation capacity.

RIL has a 33 million tonne per annum refinery at Jamnagar, which is the third largest at a single location in the world. The refinery’s capacity is 22.6% of India’s total refining capacity. It is also setting up a second refinery near the existing one with a capacity of 29 million tonne per annum.

This export based refinery is being set up under its subsidiary Reliance Petroleum Limited and is scheduled to be operational by the end of 2008. RIL will require a capacity addition of 38 million tonne per annum through its third refinery at Jamnagar to reach the 100 million tonne per annum capacity.