Reliance to Invest $10 Billion on Petchem Projects in India

Reliance Industries will invest about $10 billion in several projects in India over the next 3-4 years, a source from the company tells CW. Some of the individual investments were outlined in a presentation made by the company at the Indian Petrochem-2010 conference, held in Mumbai earlier this month. The projects, which are all in their initial stages of planning, include an acetyls complex with production capacity for 740,000 m.t./year of acetic acid and 150,000 m.t./year of acetic anhydride; a carbon black facility with a production capacity of 800,000...

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