Reliance, Sibur to make butyl rubber in India

ERJ staff report (DS)

Mumbai, India - Reliance Industries Ltd. (RIL), India's largest private sector company, and Sibur, Russia's leading petrochemical company, have signed a Memorandum of Understanding (MoU) to set up a joint venture in India. This new joint venture will produce butyl rubber at Reliance's integrated petrochemical site in Jamnagar, India.

According to the MoU, Sibur will provide proprietary technology for butyl rubber polymerisation and finishing, while RIL will supply monomers and provide the JV with infrastructure and utilities.

A Reliance spokesman said the companies have not yet decided on the ownership structure nor the time-scale nor the capacity of the project. An on-going research project will assess demand for butyl and halo butyl and how that demand is projected to increase in the sub-continent. Once that work is complete, the partners will decide on the details of the project.

A Sibur Spokesman said the companies had nothing further to add to the press release (see below).

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Sibur