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RIL enters into JV with Russia’s SIBUR

17 May 2010 Evaluate

Reliance Industries (RIL) has entered into a joint venture with Russia’s leading petrochemical company SIBUR to make butyl rubber as demand for rubber from India’s automobile industry shows a rapid increase. The joint venture will make butyl rubber at RIL’s integrated petrochemical complex in Jamnagar.

SIBUR will provide proprietary technology for polymerisation and its finishing, while RIL will supply monomers. It operates across the entire petrochemical value chain from gas processing to the production of synthetic rubbers.  crackcrack
Peers
Company Name CMP
Reliance Industries 1339.60
Indian Oil Corpn. 144.10
Bharat PetroleumCorp 302.40
HPCL 383.00
MRPL 178.60
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