RELIANCE Sibur Elastomers Pvt Ltd, a joint venture between Mumbai-headquartered Reliance Industries Ltd and Russian gas processing and petrochemicals company Sibur has commenced construction of its butyl rubber plant in Jamnagar, which is expected to come on stream by 2015 and will have a capacity of 100,000 tonnes annually.
The plant will be India’s only manufacturer of butyl rubber; the JV, wherein Reliance owns 74.9%, will be amongst the world’s top five producers of butyl rubber.
A technology licensing deal has been signed between Reliance and Sibur; under the deal, Sibur’s proprietary butyl rubber production technology, including a basic engineering package (BEP) and provision of experienced technical personnel on both project and operational stages will be employed in the new plant.
Meanwhile, Reliance will supply the monomer as well as provide the infrastructure and utilities. It has also already started market seeding butyl rubber from Sibur in India.
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