Mumbai, India - May 16, 2007
Dow Global Technologies Inc.(DGTI), a wholly-owned subsidiary of The Dow Chemical Company, today announced that Reliance Petroleum Ltd., (RPL), a wholly-owned subsidiary of Reliance Industries Ltd. (RIL), has selected the UNIPOL™ PP Process for a new world-scale polypropylene production facility. The facility will be built in a special economic zone (SEZ) adjacent to the company’s Jamnagar complex. The plant will have two reactor lines, each with a capacity of 450 KTA; the total capacity of the facility will be 900 KTA of PP. Startup is scheduled in December 2008.
Reliance Industries Ltd. currently operates four UNIPOL PP Process lines at its Jamnagar complex and two UNIPOL PP Process lines at its Hazira complex. Reliance Industries Ltd. is the largest producer of polypropylene in Asia. The new facility will produce a full range of homopolymers to supply the growing markets in Asia.
“We are eager to play an ongoing role in the growth of the Reliance Group’s polymer business and we are pleased that they have chosen to continue a successful relationship with the UNIPOL PP Process ,” says Dr. Molly Peifang Zhang, vice president, Dow Technology Licensing. She further adds, “The UNIPOL PP Process is the most competitive and productive polypropylene technology available today. Reliance’s new lines will benefit from our commitment to deliver groundbreaking single-line capacities while driving the capital cost down.”Licensees of the UNIPOL PP Process operate more than 35 production lines around the world, accounting for more than 5.5 million metric tons of global polypropylene production.
About Dow Global Technologies, Inc.
Dow Global Technologies, Inc. (DGTI), a wholly-owned subsidiary of The Dow Chemical Company (Dow), is the global intellectual property holding company for Dow. Formerly Diamond Technology Partnership Company and based in Midland, Michigan, DGTI owns, manages and licenses patents, know-how and other intangible assets to companies around the world. The company also holds interests in other entities and engages in financial transactions.
About Reliance Industries Ltd.
Reliance Industries Ltd., (RIL) is India’s largest business house with total revenues of more than Rs 99,000 crore (US$ 22.6 billion), cash profit of Rs 12,500 crore (US$ 2.8 billion), net profit of Rs 6,200 crore (US$ 1.4 billion) and exports of Rs 15,900 crore (US$ 3.6 billion).
The Group’s activities span exploration and production (E&P) of oil and gas, refining and marketing, petrochemicals (polyester, polymers, and intermediates), textiles, and organized retail. The Group exports its products to more than 100 countries the world over. RIL is the first and only private sector company from India to feature since 2004 Fortune Global 500 list of ‘World’s Largest Corporations’ and ranks amongst the world’s Top 200 companies in terms of profits.
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For Editorial Information:
Nandkumar Sanglikar
Dow Global Technologies, Inc.
+ 91 22 67978541
Marissa Peterson
Gibbs & Soell, Inc.
(212) 697-2600, ext. 1252
mpeterson@gibbs-soell.com
