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The total investment is estimated to be up to $4 billion. Agreement between ADNOC, Adani, BASF and Borealis.
October 17, 2019
By: Anthony Locicero
Copy editor, New York Post
Abu Dhabi National Oil Company, Adani Group, BASF SE and Borealis AG signed a Memorandum of Understanding to engage in a joint feasibility study to further evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat, India. This is the next step of BASF’s and Adani’s investment plans as announced in January 2019. With the inclusion of ADNOC and Borealis as potential partners, the parties are examining various structuring options for the chemical complex that will le...
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