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Reliance Industries and SIBUR in a JV for butyl rubber production in India

December 23/2010

(Sibur) -- Indias largest private sector company Reliance Industries Limited (RIL) and the leading Russian petrochemical company SIBUR announced a joint venture for the production of butyl rubber in India.

The joint venture facility will have an initial capacity of 100,000 tons of butyl rubber at RILs 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 mn.

The plant will initially produce regular butyl rubber and is expected to manufacture other types of butyl rubber specialities in the future. SIBUR will provide its proprietary technology for butyl rubber polymerization 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.


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