JBF industries has setup a polyster PET resin Packaging chips plant in association with Ras Al Khaimah Investment Authority in the emirate of Ras AI Khaimah. The cost of the plant is around $210 million.
The plant has a production capacity of 400,000 MT PET grade chips p.a. and 72,000 MT of polyester film p.a. The unit which is also the first Indian unit in the Emirates caters to the US, European Union and GCC countries.
The company chose the region because of the abundance of raw materials and cheap energy. Even though the plant and machinery for the unit will be imported from Europe, US and China.
Besides the project cost in the Emirate is around 20-25 per cent lower compared with other global destinations mainly on account of better logistics, absence of duties as it is a free trade zone, low overheads and no bureaucratic delays.
New Polymerisation Plant At Sarigram
JBF has started production at a new state-of-the-art PET facility in India in October 2008. Production facility is located at Sarigam - Gujarat , a western part of India. PET production facility comprises CP and SSP technology with annual productivity of 150KTA. CP technology has a capability of simultaneously producing textile grade and bottle grade amorphous chips. SSP is carried out in two units each having capacity of 250MT / day.
Continuous polymerization (CP): A four reactor advanced technology from CTIEI-China
MOU with Oman Oil for setting up 1.2MT PTA Plant
The Company has signed MOU with Oman Oil Company (part of Oman Refinery) owned by Government of Oman for setting up a 1.2 Million (12 Lacs) Tonnes per annum Purified Terephthalic Acid – PTA plant at Oman as a Joint Venture, at an approximate cost of USD 680 Million.
Project envisages to consume PTA’s raw material - Paraxylene produced by Oman Oil Company. The project will be co-located in the premises of Oman Aromatics to enable transportation of Paraxylene to the PTA plant by a dedicated pipeline.
