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Reliance to raise annual naphtha exports by 500,000 tonnes in FY18

Firm exports more than 200,000 tonnes of naphtha per month

Reuters  |  Mumbai/Singapore 

Reliance Industries Ltd's annual naphtha exports will rise by 500,000 tonnes in the current financial year as it switches to ethane at its petrochemical projects, a company executive said. Asia is structurally short of naphtha and relies on the West and the Middle East to fill most of the gaps. Reliance, owner of the world's biggest refining complex and also a leading petrochemical player, on an average, exports more than 200,000 tonnes of naphtha in a month. Reliance aims to import 1.4 million tonnes of ethane from North America in 2017-18 and the imports will ...

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First Published: Wed, August 23 2017. 16:09 IST