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(process-worldwide) -- Indian oil and Russian technology
could become the recipe for India's independence from foreign rubber imports:
Sibur and Reliance Industries, two rising players in the global oil and
petrochemical business, now join forces to build the world's fourth biggest
butyl rubber production at Jamnagar, India.
Mumbai/India – India's largest private refiner Reliance Industries teams
up with Russia's number one petrochemical company Sibur for a common produce
butyl rubber project. Both companies agreed to form a the joint venture company
Reliance Sibur Elastomers Private to produce 100,000 tons of butyl rubber per
year in Jamnagar, India. This project marks the first butyl rubber production in
the country and could well become the world's fourth biggest producers of the
polymer when running at full capacity.
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