After obtaining all relevant regulatory approvals the shareholders of SIBUR, the largest gas processing and petrochemicals group in Russia, and the Silk Road Fund (SRF), a Chinese investment fund closed the deal on acquisition of 10% equity stake in SIBUR by SRF.
Mumbai, 17 January 2017. Reliance Sibur Elastomers Private Limited (RSEPL), a joint venture between SIBUR and Reliance Industries Limited (RIL), announced plans for setting up South Asia’s first halogenated butyl rubber unit at RIL’s integrated petrochemical site in Jamnagar, India. Currently, the design phase is underway.
SIBUR and Cryogenmash have signed an agreement to build an industrial gas production facility at ZapSibNeftekhim (currently under construction).