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Reliance and Sibur to Form Butyl Rubber Joint Venture in India
6:22 AM MDT | May 16, 2010 | Deepti Ramesh
Reliance Industries says it has signed a memorandum of understanding with Sibur (Moscow) to set up a joint venture that will produce butyl rubber at Reliance’s integrated petrochemical site at Jamnagar, India. Sibur will provide proprietary technology for butyl rubber polymerisation and its finishing, and Reliance will supply monomers and provide the JV with infrastructure and utilities, according to the MOU. No further details of the project were disclosed. Reliance says it is committed to serving the Indian rubber industry, which is growing rapidly on the...
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