Categories: Business

Reliance Industries to build world’s largest carbon fibre plant

Reliance Industries chairman Mukesh Ambani has announced to build of India’s first and one of the world’s largest Carbon Fibre plants at Hazira, Gujarat. The plants will have a capacity of 20,000 MTPA based on Acrylonitrile feedstock. Overall, in the Oil to Chemical segment (O2C), Ambani Ambani announced an investment of Rs 75,000 crore over the next five years to expand capacities in existing and new value chains. These value chains are – Polyester value chain, Vinyl chain, and New Materials. The first phase of the plant will be completed in 2025.

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The company will further integrate its composites business with Carbon Fibre to produce Carbon Fibre composites. Apart from other applications, Carbon Fibre composites are also used to meet the rapidly growing light-weight requirements of Mobility and Renewable Energy. Thus, Carbon Fibre promises to be a multi-decade growth engine for O2C, Ambani highlighted. Reliance has commenced its journey to becoming net carbon zero by 2035 with a set of concrete actions.

Important takeaways for all competitive exams:

  • Reliance Industries Limited (RIL) Founded: 8 May 1973;
  • Reliance Industries Limited (RIL) Founder: Dhirubhai Ambani;
  • Reliance Industries Limited (RIL) Headquarters: Mumbai, Maharashtra;
  • Reliance Industries Limited (RIL) CMD: Mukesh Ambani;
  • Reliance Industries Limited (RIL) Director: Nita Ambani.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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