Reliance to source ethane from N America for Indian petrochemical plant
The company has executed storage and capacity agreements for liquefaction and export of ethane with a North American Terminal, which is expected to commence operations in the second half of 2016
BS B2B Bureau B2B Connect | Mumbai
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“The shale gas industry, in North America has grown exponentially in the past 5 years. As a result ethane has become the dominant feedstock for crackers replacing liquids. Reliance’s investments in shale gas and its existing crackers portfolio in India are a natural fit for sourcing ethane from North America and shipping it to India to attain long term feedstock competitiveness,” said a Reliance Industries press release.
Reliance Industries is implementing a project to source 1.5 MMTPA of ethane from US to feed its crackers in India. The company has executed storage and capacity agreements for liquefaction and export of ethane with a North American Terminal, which is expected to commence operations in the second half of 2016.
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Reliance Industries is also building a world-scale receiving and storage facility in India for liquefied ethane and pipeline to deliver ethane to its crackers. The company will be upgrading its crackers to maximise cracking of ethane, have maximum operational flexibility and capability to optimise feed stocks with complete control of supply chain.
“The project will significantly improve the long term competitiveness of our cracker portfolio through dedicated feedstock, enhanced margins, higher capacity and end-to-end integration,” added the release.
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First Published: Aug 21 2014 | 4:53 PM IST