Reliance repeats decision to make butyl specialities

ERJ staff report (DS)

Mumbai, India -- In its third-quarter results statement, Reliance Industries has repeated its intention to make "butyl rubber specialities" at its joint venture butyl rubber plant in India. These are almost certainly halo-butyl products used in modern tubeless tyres.

In the statement, Reliance said, "RIL and the leading Russian petrochemical company SIBUR announced a joint venture for the production of butyl rubber in India. RIL will have a majority stake in the joint venture. The joint venture facility will have an initial capacity of 100,000 tons of butyl rubber at RIL's integrated refining-cum-petrochemical site in Jamnagar, India and is expected to be commissioned by 2013. Estimated investment in the project will be US$ 450 million." The statement continued, "The plant will initially produce regular butyl rubber and is expected to manufacture other types of butyl rubber specialties in the future. SIBUR will provide its proprietary technology for butyl rubber polymerisation and finishing, while RIL will supply monomers and provide the JV with world-class infrastructure and utilities. RIL will have a majority stake in the joint venture."

The company reported its highest ever unaudited revenues and profits for both the three months and nine months.

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Press release from Reliance