Reliance Industries Ltd.

Reliance Sibur Elastomers (RSEPL), a joint venture (JV) between Reliance Industries (RIL) and SIBUR has started construction of their new butyl rubber plant, in Jamnagar.

RIL and SIBUR signed a technology licence agreement facilitating use of SIBUR's proprietary butyl rubber production technology at the new facility. The licensing package includes development of a Basic Engineering Package (BEP) and full-time provision of highly-experienced technical personnel on both project and operational stages. RIL will supply monomer and provide the JV with world-class infrastructure and utilities.

The project is progressing as per the original schedule. The BEP has already been completed in November 2012, and detailed engineering is underway. At present, RSEPL is placing orders for long-lead equipment. When complete, the Jamnagar plant will have the capacity to produce 100,000 tonnes annually.

RIL is India's biggest private sector company, and its operations range from oil and gas exploration and production to refining and petrochemicals.