GAIL Signs Agreement With Shell Energy India On Ethane Sourcing

It is primarily used as petrochemical feedstock and is separated from the other components of natural gas in most well-developed gas fields

Topics

GAIL | hydrocarbon | Shell India

Subhayan Chakraborty  |  New Delhi 



Photo: Reuters

Photo: Reuters

').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();

(India) Limited has signed a Memorandum of Understanding (MoU) with Shell Energy India Private Limited to explore prospects of importing and handling of ethane and other hydrocarbons.

It is primarily used as petrochemical feedstock and is separated from the other components of natural gas in most well-developed gas fields. In a bid towards diversification of the feedstock for its petrochemical plant, country’s largest gas firm is looking to import ethane from ethane-surplus countries with matured export terminal infrastructure, announced on Friday.

It will be transported further through GAIL’s 14,830 km of natural gas pipelines to demand centres.

Reliance Industries has also begun to import ethane from the United States (US) to replace natural gas and naphtha as fuel at its petrochemical plants. Ethane is expected to be produced in large volumes in North America due to the shale gas revolution, which has generated an abundance of liquefied natural gas (LNG) and liquefied petroleum gas (LPG).

Ethane is mainly used to produce ethylene, which is then used by the petrochemical industry to produce a range of intermediate products, most of which, are converted into plastics, packaging films, wire coatings, squeeze bottles and synthetic rubber, among others.


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

First Published: Fri, March 17 2023. 23:23 IST


RECENT NEWS

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more

Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape

As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more

The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma

In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more