SIBUR and Reliance Industries started the construction of a plant for the production of butyl rubber in India

Jamnagar (India), 22.02.2013g.

 

Companies— Sibur, Reliance Industries Limited

Plant capacity— 100 thousand tons per year

Timeframe for implementation— 2012-2015,.

 

At the production site of Reliance Industries Limited (RIL), the official ceremony of laying the first stone of the complex for the production of butyl rubber — a joint project of SIBUR and Indian companies.

 

The ceremony was attended by Director General of SIBUR Dmitry Konov, RIL Executive Director Nikhil Mesvani, as well as other officials.

 

"We are pleased to expand cooperation with Reliance, — said Dmitry Konov. — Technology SIBUR and accumulated over many years of engineering expertise of our managers in the production of butyl rubber with the raw capabilities of our partners, their effective platform and understanding of the market will enable the joint venture to take a leading position in its segment in India and other Asian countries. "

It is planned that the design capacity of the plant will be 100 tons per year of butyl rubber. The new complex may be the largest in India and one of the largest in the world for the production of butyl rubber.

 

SIBUR and Reliance Industries Limited in February 2012 agreed to establish a joint venture Reliance Sibur Elastomers Private Limited for the construction of a new complex for the production of butyl rubber in the industrial area of Reliance Industries Limited in Jamnagar (India).

 

The parties also signed a license agreement, which involves the use of a joint venture owned by Sibur butyl rubber production technology. SIBUR took over the development of the basic design of the new complex. Reliance Industries Limited joint venture will provide the necessary infrastructure, the world’s standards, and will provide a new production of raw materials.

 

In August 2012, in Mumbai began work subsidiary Sibur — SIBUR Petrochemical India, one of the main tasks of this project will be to support the construction of a plant for the production of butyl rubber. The company’s activities also will focus on the promotion of SIBUR in India and the South Asian region as a whole, the study of petrochemical markets, assisting business units in business development, including through interaction with public authorities.

 

The basic design was developed in November 2012. Currently, the joint venture starts to develop the detailed design and placement of orders for long period of manufacturing equipment. Commissioning is tentatively scheduled for 2015.

 

Factsheet

 

Reliance Sibur Elastomers Private Limited— A joint venture of SIBUR and Reliance Industries Limited (RIL), established in February 2012 for the production of butyl rubber in a volume of 100 thousand tons per year for an integrated petrochemical complex of Reliance Industries Limited in Jamnagar (India). The share of Reliance Industries Limited in a joint venture is 74.9%, the share of SIBUR — 25.1%.

 

SIBUR— Gas processing and petrochemical company with a unique business model, focused on the integrated operation of the two main segments. Fuel and raw materials segment comprises: receiving and processing of associated petroleum gas (APG), transportation, fractionation and further processing of hydrocarbon raw materials produced or purchased from a group of major oil and gas companies in Russia, marketing and sale of fuel and raw materials: natural gas, liquefied petroleum gas ( LPG), naphtha hydrocarbon fraction general (NGLs), methyl tert-butyl ether (MTBE) and other fuels and fuel additives. Fuel and primary products group sells on the domestic and international markets, as well as direct as a raw material in the petrochemical business for further processing in basic polymers, synthetic rubbers, plastics, products of organic synthesis, semi-finished products and other petrochemical products. As of September 30, 2012 SIBUR products produced at 27 manufacturing sites, the client portfolio includes over 1,500 major customers in the energy sector, automotive, construction, consumer sector, chemical and other industries in over 60 countries around the world, the total number of employees group exceeded 30,000 people.

 

Reliance Industries Limited (RIL) is the largest private sector company in India by the main financial indicators: turnover — 51.7 billion U.S. dollars, net profit — 2.8 billion dollars (according to data for the 9 months ended December 31, 2012)

Reliance is the first Indian companies in the Fortune 500 largest industrial companies in the world and occupies 99th place in terms of profitability.

The main business of the company is concentrated in the oil and gas, refining, petrochemicals. The company is also engaged in textile manufacturing, retail, and telecommunications.

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