ADNOC to evaluate collaboration for US$4 billion chemical production complex in India

Emirates News Agency | Oct 17, 2019 at 3:35 PM
  • The Abu Dhabi National Oil Company, ADNOC, Adani Group, BASF SE and Borealis AG have signed a Memorandum of Understanding, MoU, to engage in a joint feasibility study to further evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat, India.
  • Propylene will be partially used as feedstock for a polypropylene, PP, complex, owned by ADNOC and Borealis.
  • Propylene will be the key raw material for the previously announced acrylics value chain complex comprising glacial acrylic acid, Oxo-C4 (butanols and 2-ethylhexanol), butyl acrylate and potentially other downstream products as part of a joint venture of BASF and Adani in which BASF holds a majority.