{"id":2669,"date":"2017-01-19T20:11:34","date_gmt":"2017-01-19T14:41:34","guid":{"rendered":"http:\/\/www.tyremarket.com\/tyremantra\/?p=2669"},"modified":"2023-09-12T18:12:26","modified_gmt":"2023-09-12T12:42:26","slug":"rubber-industry-news-sibur-reliance-sign-pact-to-set-up-rubber-plant-in-gujarat","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/rubber-industry-news-sibur-reliance-sign-pact-to-set-up-rubber-plant-in-gujarat\/","title":{"rendered":"SIBUR &#038; Reliance Sign Pact To Set Up Rubber Plant In Gujarat"},"content":{"rendered":"<p>South Asia\u2019s first butyl rubber halogenation unit is all set to start at RIL\u2019s integrated petrochemical site in Jamnagar, Gujarat. The Russian petrochemical giant, SIBUR has signed a pact with Indian company Reliance (RIL) to set up a new <strong>rubber plant in India\u2019s<\/strong> prosperous western state of Gujarat. The Jamnagar plant will have an annual capacity of 60,000 metric tonnes. A MoU was signed by the two companies related to this plant at the recently concluded Vibrant Gujarat Summit last week at Gandhinagar.<\/p>\n<p>A joint venture (JV) was formed in February, 2012 in which RIL and Sibur have 74.9 percent and 25.1 percent stake, respectively. The production of rubber will take place under this JV called, Reliance Sibur Elastomers Private Limited (RSEPL). This JV also owns a butyl rubber plant (currently under construction at the same venue) with an annual capacity of 1,20,000 MT. The aim is to produce necessary butyl rubber for the halogenation unit.<\/p>\n<p>A per Reliance Industries Executive Director, Nikhil Meswani, \u201cThe annual aggregate growth for halogenated butyl rubber will grow by 8 to 10 per cent over the next few years\u201d. On the other hand, Sibur\u2019s Chief Executive, Dmitry Konov was of the view that \u201cIndia is an attractive destination for investment in view of the growing <strong>demand for synthetic rubber<\/strong>\u201d. He also thanked the Government of Gujarat for providing amicable environment for the Russian company to work in this JV project.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Asia\u2019s first butyl rubber halogenation unit is all set to start at RIL\u2019s integrated petrochemical site in Jamnagar, Gujarat. The Russian petrochemical giant, SIBUR&#8230;<\/p>\n","protected":false},"author":4,"featured_media":2670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[1001,1056,1610,1611,1609,1622,1216,1608,1248,385,390,1623],"class_list":["post-2669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-auto-news","tag-business-news","tag-butyl-rubber-halogenation","tag-jamnagar-gujarat-rubber-plant","tag-reliance","tag-rubber-industry-india","tag-rubber-industry-news","tag-sibur","tag-tyre-industry-2017","tag-tyre-industry-india","tag-tyre-industry-news","tag-tyre-industry-news-2017"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>SIBUR &amp; Reliance Sign Pact To Set Up Rubber Plant In Gujarat<\/title>\r\n<meta name=\"description\" content=\"Rubber Industry News | South Asia\u2019s first butyl rubber halogenation unit is all set to start at RIL\u2019s integrated petrochemical site in Jamnagar...\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.tyremarket.com\/tyremantra\/rubber-industry-news-sibur-reliance-sign-pact-to-set-up-rubber-plant-in-gujarat\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"SIBUR &amp; 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