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Reliance to save $450 million/year by importing ethane from the US
3:32 AM MDT | August 28, 2014 | Natasha Alperowicz
Reliance Industries is expected to save in the region of $450 million/year by importing 1.5 million m.t./year of ethane from the United States to feed its ethylene plants in India, according to CLSA Research (Mumbai). Reliance said earlier this month that it has signed agreements to import ethane from the US from 2016 to feed its crackers. The gas will substitute its current propane imports and a portion of naphtha currently used in ethylene production. Reliance currently has capacity for 1.9 million m.t./year of ethylene, of which 40% is gas based...
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