Reliance and Rohm and Haas to close deal on proposed acrylic acid joint venture

Reliance and Rohm and Haas are reported to be on the threshold of finalising the equity structure of their proposed joint venture company. Indian petrochem major RIL, and US based specialty materials company Rohm and Haas, have signed an MoU to construct a large scale acrylic acid plant at Jamnagar. Initial investments in the plant will be approximately US$250-300 mln.