Reliance Industries Ltd.

Reliance Industries Ltd (RIL) and leading Russian petrochemical company SIBUR have entered into a joint venture for the production of butyl rubber in India. The estimated investment in the project will be $450 million with RIL holding a majority stake in the venture. The facility will have an initial production capacity of 100,000 tonnes of butyl rubber at RIL's Jamnagar facility and is expected to be commissioned by 2013. The plant will initially produce regular butyl rubber and is expected to manufacture other types of butyl rubber specialities in the future.crackcrack