Russian petrochemical company, Sibur in its Q4/FY 2020 financial and operating report announced that the construction of a halo butyl production facility – a consummation of its joint venture with Indian multinational conglomerate company Reliance Industries Ltd (RIL) – has been completed, and the first batch of product is expected soon.
The butyl rubber production accounts for 20% of the company’s global butyl rubber output. The facility reached 100% capacity utilisation and produced over 60,000 tonnes in 2020.
The market share of butyl rubber produced at the new facility accounts for 70% of the Indian market and is exported to China, South Korea, Vietnam, Sri Lanka, Indonesia, Europe, the US, Brazil, and other countries.