Reliance Closes Sale Of Its Assets In The Marcellus Shale

Reliance Closes Sale Of Its Assets In The Marcellus Shale

Reliance Marcellus II, LLC (“Reliance”) a subsidiary of Reliance Holding USA, Inc., and Reliance Industries Limited (“RIL”), announced the closing of recently announced sale of its interest in certain upstream assets; which were operated by Carrizo Oil & Gas, Inc to BKV Chelsea LLC, an affiliate of Kalnin Ventures.

Reliance Industries-SIBUR JV Plans To Set Up South Asia’s First Halogenated Butyl Rubber Unit At Jamnagar

Halogenated butyl rubber is a key ingredient for manufacturing inner liner of tubeless tyre. With the Indian automobile trend aligning with global trends, penetration of tubeless tyres is expected to accelerate in the Indian market, resulting in an increased demand of halogenated butyl rubber. The ingredient is also used in the manufacture of pharma stoppers, inner liner of storage tanks, etc.

Reliance Industries-SIBUR JV Plans To Set Up South Asia’s First Halogenated Butyl Rubber Unit At Jamnagar

Reliance Industries Limited (RIL) and Russian petrochemical giant SIBUR signed an MoU at the recently-concluded Vibrant Gujarat Summit at Gandhinagar