Archive for April, 2017

RIL Collaborates with Resysta International to Produce Natural Wood Alternative in India

April 28, 2017

On 26th April 2017, Mukesh Ambani-led Reliance Industries Limited (RIL) entered into a license agreement with Germany-based Resysta International GmbH. With this partnership, RIL bagged exclusive rights of production as well as marketing of a Natural Fiber Polymer Composite (NFPC), RelWood™, in India.

The Partnership

According to the Chief Operating Officer (COO) of Petrochemicals, RIL, Mr. Vipul Shah, with the strategic agreement with Resysta, RIL is planning to exclusively produce the RelWood™ compound so as to meet the growing demand for a real alternative to tropical wood.

He believes that the partnership indicates RIL’s dedication towards sustainable projects based on innovative technology. He added that along with the top German innovator Resysta, RIL is looking forward to offering a technologically advanced product as the alternative to real wood to the Indian consumers.

About Resysta

Located near Munich, Germany, Resysta International GmbH was established in 2011. It is a privately-headed technology company which co-operates with top industry partners around the world to leverage the huge potential of the exclusive Resysta material in its various wood replacement applications.

Resysta successfully developed a water and weather-resistant material which portrays the look and feel of wood. Moreover, the fully recyclable material is procured using a renewable resource, does not rot over a long duration, and is unaffected by termites.

It also has the capability to withstand the sun, wind, and salt water. The innovative material was required to combat the shrinking rainforests crisis as well as address the substandard quality of wood composite products that were used earlier.

This is based on a unique technology through which natural fiber is dispersed within the polymer matrix. Owing to the partnership, RIL will be using RelWood™ as the raw material for producing sheets and different profiles utilized in a large number of replacement applications of wood and plywood. The initiative will help prevent deforestation and offer water-resistant, durable, and recyclable raw material to Indian consumers.

CEO speaks

The Chief Executive Officer (CEO) of Resysta International, Bernd Duna, stated that currently, Resysta is licensing its technology across the globe. According to him, RIL is Resysta’s perfect partner for India. He believes that the local manufacturing of Resysta Compound will enable the products to become easily available and more environmentally friendly. Since RIL is a leading manufacturer of petrochemicals in India, it is ideally poised to manufacture at par with Resysta’s high global standard. In partnership with RIL, Resysta looks forward to continuing its success story in India, he added.

About RIL

The largest Indian private sector company, RIL, has a consolidated turnover of INR 330,180 crore and a net profit of INR 29,901 crore for the financial year 2016-17.

Moreover, RIL is the first Indian private sector company to make it to Fortune’s Global 500 list of ‘World’s Largest Corporations’. Currently, RIL is on the 215th rank with regard to revenues, and 126th rank with regard to profits.

Mukesh Ambani led RIL also ranks 238th in the FT Global 500 list (2015) of world’s largest companies by Financial Times. Furthermore, RIL stands at the 21st position on the Forbes Global 2000 list (2016). RIL’s businesses include petroleum refining and marketing, hydrocarbon exploration and production, retail, petrochemicals, and 4G digital services.

Summary

RIL went into a partnership with Germany-based Resysta International to manufacture an innovative alternative to natural wood in India.

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Reliance Industries Commissioned World’s Largest Ethane Plant in Record Time

April 21, 2017

On 19th April 2017, Mukesh Ambani-led Reliance Industries Limited (RIL) announced that it has started the ethane plant at its Dahej manufacturing facility in Gujarat. The company completed the construction of the largest and most complex plant in the world in record time by spending USD 1.5 billion.

Statements from RIL

In a statement released, the company said that it is pleased to announce the flawless and successful completion of its ethane project at the Dahej manufacturing facility in Gujarat. It also said that it has begun ethane cracking, and ethane receiving and handling facilities at the plant in less than three years, which is a record time.

RIL stated that the successful start-up shows the company’s capacity to create a world-scale infrastructure with the help of complex technologies. The company added that the execution of this project at such a large scale is first-of-its-kind in the world.

RIL said that the supply of ethane will offer feedstock security and flexibility. It will let the company choose the most optimal feed mix depending on market conditions.

The statement further mentioned that this will improve the cost competitiveness of the company’s present crackers and let RIL optimize its portfolio in a volatile market environment.

Transportation of ethane from the US

Natural gas ethane is produced in abundance in North America because of the shale gas revolution. The revolution has generated cooking gas, Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG) in large quantities. In the past five years,  North America’s shale gas industry has witnessed a phenomenal growth and this has reduced ethane prices.

RIL will import ethane from North America in large quantities and use it in its cracker as feedstock to make petrochemicals. The company has planned to transport 1.5 million tons of ethane every year from its shale joint ventures in the United States (US) to its manufacturing plant in Gujarat. Ethane is mainly used as a petrochemical feedstock. It makes ethylene by the process of steam cracking.

Mukesh Ambani led RIL has two joint ventures in Marcellus Shale of Pennsylvania. One of its joint ventures is with Chevron. The company has made an investment of USD 1.7 billion for this. Its other joint venture is with Carrizo Oil & Gas. For this, RIL has made an investment of USD 392 million.

The entire process chain began from securing ethane refrigeration capacity in Gulf Coast in the US. The next step was delivering dedicated Very Large Ethane Carriers (VLECs) to ship ethane to the West Coast of India from the US Gulf Coast. The VLECs later transported liquefied ethane to the Dahej terminal in Gujarat.

RIL constructed ethane receipt and handling facilities at its manufacturing plants in Dahej, Nagothane, and Hazira. The construction included setting up of pipelines and upgrading of crackers to receive ethane. The liquefied ethane received in Dahej will be used to supply feedstock for crackers in RIL’s Dahej, Nagothane, and Hazira manufacturing facilities.

Summary

RIL completed the construction and commissioned the largest ethane plant in the world in a record time at its Dahej manufacturing facility.

Mukesh Ambani on Why Reverse Brain Drain is Necessary

April 11, 2017

The Chairman of Reliance Industries Limited (RIL), Mukesh Ambani expressed his views on different subjects at the India Today Conclave held in March 2017. 

Mukesh Ambani’s views on reverse brain drain

Mukesh Ambani supported the policies of the United States (US) President Donald Trump and stated that a reverse brain drain is bound to happen. He said that the brightest and best brains should now work to benefit the country and Indians. According to Mr. Ambani, the world is entering the fourth Industrial Revolution and it is also the first technological revolution that will have an impact on us.

He believes that if Indians working outside are brought back, then India will be blessed and its developmental pace will escalate. Mukesh Ambani also believes that all the things in the world happen at the right place and at the right time.

He informed that every month, RIL brings back at least two to three leaders from across the world. He said that people always remain Indian from their heart and they want to come back home. RIL gives them an opportunity for this, he added. 

Mukesh Ambani’s views on Narendra Modi

At the conference, Mukesh Ambani praised Prime Minister (PM) Narendra Modi for his demonetization and digitization drives.

He said that demonetization has converted unproductive money to productive money and brought it to use. It has also enabled the country to move from a cash economy to a digitally enabled optimal cash economy. He believes that currently, India is performing well and has a promising future.

Mukesh Ambani said that India today has a potential leader which would help it lead the industrial revolution. He feels that the country has a leader who understands the world and technology along with understanding his people.

Mukesh Ambani was impressed by PM Narendra Modi when he visited the US. The Indian Prime Minister joined the then US President Barack Obama for dinner and they only discussed how technology would help to develop the poor in a country.

Mukesh Ambani’s views on technology

Speaking of the industrial revolution, Mukesh Ambani said that technology will play a significant role in the revolution. He believes that technologies like cloud computing, robotics, nanotechnology, mobile Internet, artificial intelligence, and genomics will be the foundation of this revolution.

Mukesh Ambani said that in today’s technological world, it takes a fraction of a second for information to travel all around in digital form. According to him, technology is a leveller as it does not discriminate on the basis of caste, creed, and religion.

Mukesh Ambani feels that India has the ability to lead the industrial revolution. He stated five reasons for this. They are India’s majority of the youth population, a wide scope for technological infrastructure, citizens connected to the global Internet, large and an open market, and an ambitious leader.

He believes that India’s street smartness and the global technology will form an unbeatable combination to enable the country to lead the digital revolution. He revealed that post the launch of Reliance Jio, India became the highest data consumer in the world in just 170 days and said that Jio will be connecting 58,000 schools and colleges to overcome the challenges of education in India.

Summary

At the India Today Conclave 2017, Mukesh Ambani expressed his views on reverse brain drain, technology, and digitization, and praised Prime Minister Narendra Modi.

Reliance Jio Collaborates with AT&T and The Linux Foundation for the ONAP Project

April 5, 2017

The telecom arm of Reliance Industries, Reliance Jio Infocomm led by Mukesh Ambani has joined hands with the US-based telecom operator American Telephone & Telegraph Company (AT&T) and The Linux Foundation. Reliance Jio will be working with open source communities via the Open Network Automation Platform (ONAP) project as a Platinum member. The collaboration will enable Jio to propel innovation in the telecom industry in areas of software-defined networking (SDN) and network functions virtualization (NFV).

Reliance Jio’s association with ONAP

ONAP is the fastest-growing open networking initiative as it has unified open source community members and industry leaders from Europe, North America, and Asia.

President of Reliance Jio, Mathew Oommen expressed his delight over the collaboration with the ONAP community. He stated that Reliance Jio’s assets and resources in the association will help to make telecom a cloud-centric digital platform. Developers, customers, and partners will then be able to contribute and add value to the platform, he added.

Reliance Jio has established an excellent all-Internet Protocol (IP) network with 4G Long Term Evolution (LTE) technology. Jio is the only network that supports Voice over LTE (VoLTE) technology and has been established as a mobile video network from the ground up. Jio’s pan-India 4G network has made the company, the largest data carrier in the world.

Jio’s involvement in the ONAP project proves its dedication towards network transformation. Through open source network, the company aims to move beyond its all-IP and 4G LTE network technologies. The open source program will assist Jio in offering quick, innovative and affordable services across wireless and wireline technologies.

Mathew Oommen also said that Jio will be an active participant in the ONAP initiative and this will enhance its delivery, management, and service creation.

About ONAP

ONAP is a joined project and one of the largest open source programs, created in February 2017. The project is operated by The Linux Foundation’s Open Orchestrator Project (OPEN-O) and AT&T’s Enhance Control, Orchestration, Management & Policy (ECOMP). The initiative lets open source community developers and software, cloud and network providers to work together in an open ecosystem, thus encouraging innovative services.

ONAP project has members like AT&T, China Mobile, Nokia, China Telecom, Tech Mahindra, ZTE, Cisco, Ericsson, VMware, GigaSpaces, Bell Canada, Huawei, Amdocs, IBM, Orange, and Intel, among others. Reliance Jio became the first Indian telecom operator to join ONAP.

Chris Rice, the Chairperson of ONAP and Senior Vice President of AT&T Labs said that ONAP is excited to have Reliance Jio as a member. The company will help ONAP to expand its global reach. He further stated that ONAP aims to make and promote a robust networking automation community with Jio’s support.

Mukesh Ambani led Reliance Jio is establishing global centers of excellence and offering resources for new initiatives. Its association with ONAP will expedite the process and support The Linux Foundation in future service innovations and developments.

Summary

Reliance Jio collaborated with The Linux Foundation and AT&T for the Open Network Automation Platform (ONAP) project to drive innovation in the telecom industry.