In its quest for advantaged feedstock, Gail (India) must have explored almost every country in this world. The latest is Qatar where the company is looking at setting up an integrated complex jointly with Qatar Petrochemical Co (Qapco).
This report talks of Qapco working out the broad contours of an ethane-based 1.9m tonnes/year complex. Interestingly, Gail has indicated that it is keen on partnering with a leading private petrochemical company and putting forward a proposal for Qapco’s consideration.
Could this private company be Reliance Industries? State-owned Gail and Reliance have been working together for the past few months exploring projects in various countries. The alliance might seem strange but it marries Reliance’s project evaluation and execution abilities with Gail’s access to the Indian government.