Adani, Abu Dhabi National Oil Company (ADNOC), BASF and Borealis have joined forces to explore developing a $4bn chemical complex in Mundra, Gujarat, India. The companies aim to evaluate a propane dehydrogenation plant designed to produce propylene, which would partially be used as feedstock for a polypropylene complex owned by ADNOC and Borealis. The firms will conduct a joint feasibility study for the scheme in an attempt to exploit the technical, financial and operational strengths of each partner. The study is due to be completed 2024, with production scheduled for early next year.
Adani, Abu Dhabi National Oil Company (ADNOC), BASF and Borealis have joined forces to explore developing a $4bn chemical complex in Mundra, Gujarat, India. The companies aim to evaluate a propane dehydrogenation plant designed to produce propylene, which would partially be used as feedstock for a polypropylene complex owned by ADNOC and Borealis. The firms will conduct a joint feasibility study for the scheme in an attempt to exploit the technical, financial and operational strengths of each partner. The study is due to be completed early next year, with production scheduled for 2024.