Reliance Industries Ltd and Sibur have forged a partnership to seize the opportunities within the robustly growing synthetic rubber industry. This has led to the formation of Reliance Sibur Elastomers Private Limited, a joint venture wherein Reliance holds 74.9 % stake and SIBUR owns 25.1%. This joint venture is going to set up South Asia’s first butyl and halogenated butyl rubber production facility at Jamnagar, India with a world scale capacity of 120,000 metric tonnes per annum. Butyl Rubber is known for its excellent air retention characteristics, apart from very good weather, heat and chemical resistance property in comparison to other general purpose rubbers. These attributes make it first choice of polymer for several critical products like Automotive Inner Tubes, Tyre Curing Bladders and Air Bags, Cable Insulation, Rubber Sheets, Pharmaceutical Closures, Ball Bladders, Sealants, Roofing Membranes, Condenser packing, Printing Rolls, and Acid Tank Linings etc. Special grade could be used even for Chewing Gums. Its unique molecular structure possesses greater delayed elastic response and it’s this damping and shock absorption attribute is being utilized in automotive suspension assembly. Key ingredient required to manufacture Butyl Rubber (IIR) and Halogenated butyl Rubber (HIIR) at our upcoming plant in Jamnagar is High Purity iso-Butylene (HPIB). This HPIB will be obtained from Reliance’s refinery that currently processes 62 million metric tonnes of oil per year. The integration of our world-class refinery to our upcoming IIR and HIIR plant, will ensure an uninterrupted supply of elastomers from RSEPL and in turn secure timely supply of product to our customers.
Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of INR 296,091 crore (US$ 44.7 billion), cash profit of INR 40,737 crore ($6.1 billion) and net profit of INR 27,630 crore (US$ 4.2 billion) as of March 31, 2016.
RIL is the first private sector company from India to feature in Fortune’s Global 500 list of 'World's Largest Corporations' ranking 215th in terms of revenues and 126th in terms of profits in 2016. RIL ranks 238th in the Financial Times’ FT Global 500 list (2015) of world’s largest companies. RIL ranks 121st on the Forbes Global 2000 list (2016), continuing to be the top-ranked Indian company. RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications. For More Information about us : www.ril.com
SIBUR is a uniquely positioned gas processing and petrochemicals company with a business model focused on the integrated operation of its two core segments. The Group owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, according to IHS CERA and is a leader in the Russian petrochemicals industry. The Group has two operating and reportable segments: feedstock & energy and petrochemicals. The Group’s feedstock and energy segment comprises (i) gathering and processing of associated petroleum gas(APG) that the Group purchases from major Russian oil companies, (ii) transportation, fractionation and other processing of natural gas liquids (NGLs) that the Group produces internally or purchases from major Russian oil and gas companies, and (iii) marketing and sales of energy products, such as natural gas, liquefied petroleum gases (LPG), naphtha, raw NGL, methyl tertiary butyl ether and other fuels and fuel additives. The Group sells these energy products on the Russian and international markets and uses some of them as feedstock for its petrochemicals segment, which processes them into various petrochemicals, including basic polymers, synthetic rubbers, plastics and products of organic synthesis, as well as intermediates and other chemicals. For More Information about us : www.sibur.ru/en