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Sibur and Reliance Industries Ltd have signed an agreement to set up a 60,000 tonnes per year halogenated butyl rubber unit at RIL's Jamnagar petrochemical site in Gujarat, India. The joint venture, Reliance Sibur Elastomers Pvt. Ltd, is owned 74.9% by RIL and 25.1% by Sibur.
“RSEPL's halogenated butyl rubber plant will be well-poised to capitalise on the significant surge in regional demand in tyre and pharmaceutical industries.”sputnikglobe.com
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