24-25 Sep, 2014 - Singapore, SINGAPORE
Novotel Singapore Clarke Quay
Novotel Singapore Clarke Quay
In order to achieve long-term feedstock competitiveness, Reliance Energy is planning to ship 1.5 million tons/year of ethane from the US. The ethane is likely to be procured from Reliance's shale joint ventures in the US and shipped to a chemical complex in Gujarat, India.
Reliance has stated that it expects to begin operations in the second half of 2016 and this move will save the company an estimated $450 million annually.
Reliance has not named which of its partner will supply ethane to its plant in Gujarat and the ones that will be responsible for transporting the natural gas liquid.
However, South Korea's Samsung Heavy Industries has already received the order from Reliance for 6 Very Large Ethane Carriers (VLEC).
Reliance's 2 shale JVs in the US includes - one with Chevron where the company has invested $1.7 billion and the other with Carrizo Oil & Gas, where $392 million has been invested. A third JV is with Dallas-based Pioneer Natural Resources, where it has invested $1.5 billion.
Some of the ethane terminal that will probably supply ethane to Gujarat are Sunoco's Marcus Hook terminal and Enterprise Products Partners proposed ethane export terminal south of Houston.
Mr. Vinayak R Marathe, Sr. Vice President- Reliance Technology Group, Reliance Industries Ltd will speak on 'India's Petrochemical Sector Update' at 21st Asia Petrochemical Summit (APS) on 24-25 September, 2014 in Singapore.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or +65 6346 9113 for more details.
