Indian refiner and petrochemical company Reliance Industries (RIL) has signed shipping company Mitsui O.S.K. Lines (MOL) of Japan for transporting Liquefied Ethane from North America to India.
Mumbai/India; Minato/Japan – MOL will supervise the construction of six Very Large Ethane Carriers (VLECs), ordered by RIL. The company will also operate and manage the vessels after they are built and delivered. RIL, with this strategic tie-up, has achieved a key milestone for the successful implementation of Ethane import project to feed crackers in India.