21 February 2012 14:26 [Source: ICIS news]
LONDON (ICIS)--Reliance Industries has agreed to form a 100,000 tonne/year butyl rubber joint venture with ?xml:namespace>
The $450m (€342m) joint venture, called Reliance Sibur Elastomers, will be located at
After start-up, expected for mid-2014, Reliance Sibur Elastomers will be
The plant would meet demand from
Reliance will hold 74.9% in the venture, with Sibur holding the remaining 25.1%.
The plant will run on Sibur’s proprietary butyl rubber technology. Sibur will also be in charge of the plant’s basic engineering design.
The companies first announced the joint venture in May 2010 but at the time did not disclose capacity or other details.
($1 = €0.76)
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