Reliance Industries of India launches $4 billion investment in gasification project

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A $4 billion investment – that sounds like a significant amount, indicating considerable ambition. It is unclear what implications this may have for the current and future gasification of petroleum coke in China. Indians have a habit of boasting; this time they claim to be the largest in the world. But Riliance’s performance is there for everyone to see. ------------- RIL partners with U.S. tech firm for coke gasification Project published: Wednesday, May 23, 2012 By Promit Mukherjee | Mumbai In an effort to boost its refining margins and accelerate the growth of its petrochemical business, Reliance Industries (RIL) has partnered with the U.S.-based Phillips 66 to obtain the technology needed for its coke gasification project. RIL has embarked on a major expansion plan in the petrochemical sector; over the next few years, it plans to build a petcoke gasification facility at a cost of $4 billion. “The gasification plants that will be built in Jamnagar will be among the largest in the world, and they will convert petroleum coke and coal into synthesis gas using the E-Gas Technology. This synthesis gas will serve as feedstock for a new chemical complex, as well as powering the refinery’s gas turbine generators,” according to a company statement. Phillips 66 will license its E-Gas™ Technology to Reliance and provide process engineering design and technical support related to this gasification technology, RIL said. This project is expected to significantly reduce RIL’s costs and improve its financial performance, as the petrochemical and refining businesses currently account for nearly 80% of its total revenue. This news comes just after RIL announced a few weeks ago that it would enlist the help of the U.S.-based Fluor Corporation for project management services at its Jamnagar facility. ---------------------------http://mumbai.china-consulate.org/chn/lqgk/zyshxhyhjrsjjmz/t182346.htm