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| Reliance Industries Ltd (RIL) 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 Ltd 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. | |
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