Financial Insights

Reliance Industries to recast Jamnagar gasification unit as a subsidiary

Repurposing the gasification assets will help use of syngas as a reliable source of feedstock to produce chemicals and cater to growing domestic demand. As the hydrogen economy expands, RIL will be the first-mover to set up a hydrogen ecosystem.

Reliance Industries’ (RIL) board on November 24 announced that it has decided to implement a scheme of arrangement (Scheme) to transfer Gasification Undertaking into a wholly-owned subsidiary

“The Gasification project at Jamnagar was set up with the objective to produce syngas to meet the energy requirements as refinery off-gases, which earlier served as fuel, were repurposed into feedstock for the Refinery Off Gas Cracker (ROGC). This enables production of olefins at competitive capital and operating costs. Syngas as a fuel ensures reliability of supply and helps reduce volatility in energy costs. Syngas is also used to produce Hydrogen for consumption in the Jamnagar refinery,” the company said in a regulatory filing.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button