Asia’s Richest Tycoon Is Making America Great Again
Ambani is pivoting his petrochemicals empire toward US ethane, opportunistically replacing Chinese buyers.
Ambani’s family has started climbing up on the list of global celebrities in Washington.
Photographer: Dhiraj Singh/BloombergFrom Ottawa to Beijing, President Donald Trump’s trade war has made many enemies. But it has also won America some allies. Asia's richest tycoon is preparing to welcome US cargo originally meant for China but rerouted to India. The ship Mukesh Ambani is waiting for is laden with ethane.
This colorless, odorless component of natural gas is shipped in liquefied form in special carriers such as STL Qianjiang, which is currently on its way from the US Gulf Coast to billionaire Ambani’s terminal in Dahej, Gujarat, on India’s western seaboard. There, his flagship Reliance Industries Ltd. has an ethane cracker to produce ethylene, a key building block of plastic products.