Union Petroleum Minister Veerappa Moily on 29 November 2013
inaugurated the first "Synthetic Rubber Plant" of the country
at Panipat in Haryana.
The
country’s first e-SBR (styrene butadiene rubber)
unit was set up by Indian Synthetic Rubber Ltd (ISRL), a joint
venture promoted by Indian Oil, TSRC Corporation,
Taiwan, and Marubeni Corporation, Japan.
The
plant will produce 120 kilo tonnes synthetic rubber annually, which would be
used in industrial units for manufacturing automobile and daily need products.
It is planned to increase the capacity of the plant to 220 KT in next two
years.
The project, which is estimated to cost 958 crore rupees,
has been funded through debt raised from Japan Bank for International
Cooperation and Mizuho Corporation Bank. Technology for the
manufacturing unit is being provided by TSRC Corporation.
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