Reliance Industries Limited affirms its opting for Phillips 66’s (NYSE: PSX) E-Gas™ Technology for its gasification plants at Jamnagar today.
RIL will use the E-Gas™ Technology licensed by Philips 66 for the planned gasification plants at Jamnagar that is the largest in the world. The E-Gas™ Technology is one of the most competent and cleanest technologies that have been employed in commercial applications since the year of 1987. The gasification system that this technology encompasses is distinctive in nature as it can be used to produce electric power as well as hydrogen, chemicals or natural gas. While electric power can be produced by applying gas with steam turbine combined cycle, hydrogen can be produced by synthesis gas applications using this technology. It is highly suitable for producing coal, syngas and coke based electric power. The best part is that it uses minimal water and emits fewer pollutants.
Rix Bennett, President, Specialist and Business Development at Phillips 66 announced that he would consider this an opportunity to work with Reliance on the largest gasification project in the world. He ensures that their technology will be used to produce clean and reliable energy for Reliance‘s operations catering to its refinery and petrochemical plants. Philips 66 will render technical support and provide process-engineering design with respect to the gasification technology processing area for the same.
With an aggregate refining capacity of 1.3 million barrels of oil per day, the Jamnagar site owned by Reliance is the largest refining complex in the world. The synthesis gas produced using this technology will be used as a raw material for a chemical complex other than providing mileage to its present gas turbine units.
RIL plays a leading role in the petrochemical sector of the country where its key operations cater to energy, refining and petrochemicals. RIL with a market value of $ 55 billion endeavors to leap towards global leadership. The Jamnagar petrochemical complex is spread over 7400 acres and is known to have a complexity index of 11.3. It eggs on the latest and the finest technology in the world making it the largest grassroots refinery and petrochemical hub in the world.