Reliance and Sibur form butyl rubber JV in India

Sibur, the Russian petrochemical company, and Reliance Industries Limited (Ril), formed a joint venture, Reliance Sibur Elastomers Private Limited, which will produce 100,000 tons of butyl rubber per year in Jamnagar. The butyl rubber will be supplied to the automotive industry in India, Reliance said.

The Reliance-Sibur JV will be the first manufacturer of butyl rubber in India and the fourth largest supplier of butyl rubber in the world. It will supply over 75,000 tonnes of butyl rubber per year currently satisfied by imports. Investment in the JV is in line with Reliance