Reliance Industries (RIL) will sign an agreement with the Russian petrochemical company, SIBUR to set up a butyl rubber manufacturing plant in Gujarat. The deal will be signed during the upcoming visit of the Russian President, Vladimir Putin, to India.
Evgeny Griva, the CEO of SIBUR Petrochemical India, said, "For the petrochemicals sector, bilateral cooperation between Russia and India will be very beneficial. India's petrochemical industry is already fast growing, but there is increased scope for further growth as oil and gas processing companies look at monetising by-products of oil and gas production. This is exemplified by SIBUR and Reliance's construction of a butyl rubber manufacturing plant in Jamnagar. The model in this will be of strategic cooperation wherein Reliance's oil refinery will provide the raw materials for production and SIBUR will give the technology."
Reliance Industries has a manufacturing plant in Vadodara, Gujarat. It has 15 downstream plants for the manufacture of polymers, fibres and other chemicals. It has a polybutadiene rubber (PBR) plant I set up in 1979 and plant II started in 1996. These plants produce 80,000 tpa of PBR. India's PBR demand is around 160,000 tp. Of this, only half is met by the only PBR plant in the country. With the new deal, the Mukesh Ambani firm wants to reach a target of producing 120,000 tons of PBR in the same state and lessen the burden of imports. The demand of PBR in India is also predicted to grow at a rate of 6.4% every year.
11-Dec-14 
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