BASF, along with partners ADNOC, Borealis, and Adani has completed a joint feasibility study on a chemical project in Mundra, India. However, the project was put on hold as the coronavirus pandemic continued to cause uncertainty in the global economy. The partners will reevaluate the schedule for undertaking this investment during the wait. BASF said that these companies would still be committed to developing the project that would benefit from the growing Indian market.
The partners will continue to discuss any opportunity that may arise over time while periodically assessing the market environment. BASF, ADNOC, Adani, and Borealis signed an MoU in the project in 2019. The complex will include an acrylics value chain complex, a world-scale PDH unit, and a PP production. The plant would be built in a strategic location that would allow it to access Adani’s world-class port and renewable energy supply.
