Reliance Industries Ltd (RIL) and Russia’s leading petrochemical company, SIBUR, signed a memorandum of understanding (MoU) to set up a joint venture for production of synthetic or butyl rubber at Reliance’s Jamnagar petrochemical site.
Butyl rubber is used in industries for its special properties like excellent flexibility, resistance to ageing, initial tack at low temperatures and good peel-off.
SIBUR will provide proprietary technology for butyl rubber polymerisation and its finishing, while RIL will supply monomers, infrastructure and utilities, according to the MoU signed between the two companies.