Reliance Industries & Rohm and Haas complete agreement to explore construction of an Acrylic Acid & Esters facility in India

Reliance Industries Ltd has announced that the Company and Rohm and Haas Company have entered into a Memorandum of Understanding (MOU) to explore the joint construction of a world-scale acrylic-monomer complex in Jamnagar, India.

This proposed facility would have the capacity to make approximately 200,000 tonnes of acrylic acid and its esters annually. While the key objective would be to serve domestic market needs, the complex could also export acrylic acid and derivatives.

Materials from the facility are intended to serve as building blocks for environmentally advanced products for paints and coatings, packaging adhesives, detergents, textile and construction materials. The new facility is expected to spur development of super absorbent polymers, used primarily in the manufacture of baby diapers.

The joint initiative involves two strong industry leaders with complementary strengths and skills. The proposed acrylic acid plant is expected to be world-scale, be located at a site with world-class infrastructure, and use Rohm and Haas's leading technology.

The Company and Rohm and Haas are committed to exploring the option to collaborate in the downstream specialty polymers and chemicals areas in the Indian subcontinent.

Source : Equity Bulls

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