This Article is From Nov 25, 2011

RIL and SIBUR to jointly pioneer butyl rubber production in India

Signs MOU

Reliance Industries (RIL) and SIBUR, Russia's leading petrochemical company have signed a Memorandum of Understanding (MoU) to set up a joint venture in India. This new joint venture will produce butyl rubber at Reliance's integrated petrochemical site in Jamnagar, India.

According to the MoU, SIBUR will provide proprietary technology for butyl rubber polymerisation and its finishing, while RIL will supply monomers and provide the joint venture with world class infrastructure and utilities.

The company made this announcement during the trading hours today, 17 May 2010.