India’s Oil and Pure Gasoline Company (ONGC) has signed an settlement with Japan’s Mitsui O.S.Okay. Strains (MOL) to construct, personal and function two very massive ethane carriers (VLECs).
The ‘mega vessels’ will ship imported ethane to ONGC Petro Additions Restricted, a unit of ONGC, guaranteeing a gradual, self-reliant provide of feedstock for cutting-edge petrochemical manufacturing.
“This world partnership marks a daring step in ONGC’s downstream growth, combining innovation, scale, and vitality safety like by no means earlier than.
“This isn’t only a collaboration. It’s ONGC charting the course for the following period of vitality,” ONGC stated.
No extra particulars have been disclosed by the businesses.
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