MOSCOW (MRC) -- Sibur and India’s Reliance Industries Ltd. have launched butyl rubber production at the joint integrated petrochemical plant Reliance Sibur Elastomers Private Ltd. in the Indian city of Jamnagar, said TASS, citing Chief Executive Officer of Russia’s petrochemical giant Sibur Mikhail Karisalov at the sidelines of the Eastern Economic Forum.
"A test batch of butyl rubber has been produced already. The annual capacity is 120,000 tonnes there, first dozens of tonnes have already been produced," he said.
"As for the date of the official launch, official ceremony — probably when the next intergovernmental commission meeting is held, probably, some other occasion and date will be determined. The fact is that a new facility of that type exists in India, while the official launch is a mere formality," he explained.
The joint venture between Sibur and Reliance Industries — Reliance Sibur Elastomers Private — was founded in 2012 for the construction of the butyl rubber production facility at the Reliance Industries’ integrated petrochemical plant in Jamnagar. Karisalov told TASS earlier that the company and partners would invest over USD600 mln in the facility.
SIBUR is a uniquely positioned vertically integrated gas processing and petrochemicals company. We own and operate Russia’s largest gas processing business in terms of associated petroleum gas processing volumes and are a leader in the Russian petrochemicals industry. As of 31 March 2014, SIBUR operated 27 production sites located all over Russia, had over 1,400 large customers engaged in the energy, chemical, fast moving consumer goods (FMCG), automotive, construction and other industries in approximately 70 countries worldwide and employed over 27,000 personnel.