Home / Knowledge / News / Textiles / Reliance's ethylene output to go up by 200,000 tpa
Reliance's ethylene output to go up by 200,000 tpa
25
Aug '17
Reliance Industries Limited (RIL) is expecting its ethylene production to go up by 200,000 tonnes per annum due to import of ethane from the US for use as feedstock at its petrochemical plants in Gujarat and Maharashtra. Using imported ethane in place of naphtha would also increase RIL’s petrochemicals operating profit by $300 million a year.

Ethane is a natural gas component that is expected to be produced in large volumes in North America after the shale gas revolution, RIL COO for Petrochemicals Business Vipul Shah told mediapersons in Mumbai. RIL has signed contracts for ethane imports from the US for 20 years.

In the current fiscal, RIL will import 1.6 million tonnes of ethane from the US. The company has already begun receiving consignment or cargo of ethane from US.

Very Large Ethane Carriers (VLECs) are used to transport liquefied ethane from the US to the Gujarat Chemical Port Terminal Company Ltd terminal at Dahej, Gujarat. In 2014, RIL had placed order for six VLECs with Samsung Heavy Industries Pvt Ltd’s shipyards in Korea. Of these, two vessels—Ethane Crystal and Ethane Emerald—were delivered last year.

RIL has invested $1.6 billion in ethane business so far, Shah said. Besides ships, the investment includes pipeline and port infrastructure. The company expects to recover this investment in less than four years. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Jens Mahnke from Pexels

Textiles | On 22nd Oct 2018

India levies anti-dumping duty on flax yarn from China

The ministry of finance, Government of India, has imposed definitive...

US polyester yarn makers allege dumping from China, India

Textiles | On 22nd Oct 2018

US polyester yarn makers allege dumping from China, India

Two major US synthetic yarn producers—Unifi Manufacturing, Inc...

Courtesy: Donear

Textiles | On 22nd Oct 2018

Aspiring middle class shaping menswear fabric trend

The key trends shaping menswear fabric include a new middle class and ...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Veronique Lee, Modavanti

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search