JBF Petrochemicals Ltd.
Mangalore, Karnataka

Purified Terephthalic Acid (PTA) - 1,250,000 MT p.a.
  • Timeline: expected commissioning date by Q3 FY18
  • Expected Total Project Cost: $750mn
  • Funding: Debt financing of $464mn via ECB is underwritten by IDBI Bank.
  • KKR has invested $150mn to complete the project.
  • JBF is commissioning a 1.25 MMT p.a capacity PTA plant, which will be amongst the largest of its kind in India
  • 114 acres of land has been allotted in Mangalore SEZ for the plant.
  • Technology has been provided by British Petroleum and engineering, procurement and construction management of project have been awarded to Technip, India & Italy.
  • Raw material tie-up has been completed with OMPL (a subsidiary of MRPL).
  • After commencement, JBF would become the only PTA integrated Polyester company in India other than Reliance Industries Ltd.
  • JBF’s current total PTA requirement is more than 800,000 MT p.a.
  • JBF’s Mangalore PTA plant would be able to meet all of JBF’s internal PTA requirement.
  • Excess capacity will be sold in the open market.
  • JBF expects to save ~ $10-$15 per ton in freight for its RAK facility, due to reduction in logistical costs that it incurs currently by procuring PTA from South East Asia.
  • JBF currently consumes ~800-900 KT p.a of PTA globally and maintains an average of 10-15 days of inventory, this would reduce to less than 5 days
  • Imports to JBF RAK and India take ~3-4 weeks delivery time currently, which would reduce to 3-5 days to RAK and 1-2 days to India
JBF Bahrain

BOPET Films - 90,000 MT p.a.
  • Total Project Cost: ~$200mn
  • Funding: Debt:Equity Financing
  • JBF has developed a 90 KT p.a BOPET Films plant at Bahrain International Investment Park, a free trade zone with significant support from the Bahrain Government.
  • All 3 lines of polyester film plant executed with total capacity of 90,000 MT per annum and have been fully commissioned
  • Strong local presence in the middle east market resulting in market know-how.
  • Preferred supplier in UAE and GCC Region.
  • Proximity to the Euro Zone, (markets with a large, sustainable demand), to positively impact exports
  • Leveraging the leadership position in GCC region for extending existing contracts and attracting new customers.
  • Existing marketing and distribution networks across Europe and USA would enable effective marketing of additional capacity
  • Demand for Thick films continues to remain strong with average deltas between $1000-1200/Ton.
  • With increasing demand of solar panels and new usage of thick films being found, and no significant capacities being added, deltas for films are expected to continue to remain strong.
JBF Belgium
Geel, Belgium

Bottle Grade Chips - Max annual capacity 390,000 p.a.
  • Total Project Cost: ~$200mn
  • Funding: Debt:Equity Financing
  • The plant is located in the Geel province of Belgium, and is a co-location plant next to British Petroleum’s (BP) PTA facility
  • The plant engineering and construction has been done by Uhde Inventa-Fischer. Uhde’s Melt-To-Resin (MTR) technology enables JBF Industries to produce top-quality PET chips at lower cost.
  • JBF PET has a 19.5% lower carbon footprint than the Indian average (source: Intertek)
  • Demand strong for bottle grade chips in EU and it is still a net importer of bottle grade chips
  • Being a co-location plant with BP's PTA facility will ensure continuous supply of PTA with logistcal cost savings being passed to JBF Industries
  • British Petroleum had short listed JBF after reviewing other global PET manufacturers to setup this plant
JBF Brazil
Sao Paulo, Brazil

Bio Glycol (MEG) 500,000 MT p.a.
  • Expected Total Project Cost: ~$450mn
  • Expected Funding: 70:30 Debt:Equity Financing
  • JBF Industries and Coca Cola have entered into a partnership to set up a Bio-Glycol (MEG) production unit in Araraquara, Sao Paulo, Brazil.
  • JBF will build the world's largest facility to produce bio-glycol or Green MEG.
  • The facility, will produce the ingredient using locally sourced sugarcane and sugarcane processing waste.
  • The state of Sao Paulo is the largest producer of sugarcane in Brazil and the region of Araraquara is its most dense sugarcane plantation area.
  • The location has been selected based on the proximity to the ethanol feedstock availability with more than 35 ethanol producers located in a radius of 70 KM from the bio-glycol plant.
  • Tie-up with Coca Cola will helps to get global recognition.
  • The facility will remove the equivalent of 690,000 metric tons of carbon dioxide or the equivalent of consuming more than 1.5 million barrels of oil each year for Coca-Cola.
  • Building the world's largest facility to produce bio-glycol or Green MEG is a natural backward integration, making JBF a fully integrated Polyester value chain company.