" Reliance said it will be upgrading its crackers to maximise cracking of ethane, have maximum operational flexibility and capability to optimise feedstocks with complete control of supply chain."
Mumbai, Aug 20 - Mukesh Ambani-led Reliance Industries Ltd. (RIL) Wednesday announced plans to source 1.5 million metric tonnes of ethane a year from the US to attain feedstock supply for its crackers.

The shale gas industry in north America has grown exponentially in the past five 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, the company said in a statement.

RIL 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, the company said.

For transporting liquefied ethane to India, Reliance has ordered six Very Large Ethane Carriers (VLECs), which will be the largest vessels ever built in the world, the statement added.

The ships are expected to be delivered starting last quarter of 2016 in synchronisation with the readiness of the terminal in north America.

The company is also building a world-scale receiving and storage facility in India for liquefied ethane and pipeline to deliver ethane to its crackers.

Reliance said it will be upgrading its crackers to maximise cracking of ethane, have maximum operational flexibility and capability to optimise feedstocks 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, said RIL, which has already substantially invested in shale gas in the US.


comments powered by Disqus
Read more on:
 MUKESH AMBANI (44041 views)
 

PERMALINK

http://www.nerve.in/news:2535002397606
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for India


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.