BASF: 4-party project suspended in India
(CercleFinance.com) - Under a Memorandum of Understanding between four companies that was signed last year, BASF Germany, Abu Dhabi National Oil Company, Adani Group and Borealis carried out a joint feasibility study for a chemical complex in Mundra, India.
The project study included a global propane dehydrogenation plant, polypropylene production and an acrylics value chain complex.
The planned location at the Adani site in Mundra would provide access to a world-class port and renewable energy supply.
However, the global economic uncertainties caused by the pandemic have led the partners to review the timing of this investment. Despite all attempts to optimise scope and configuration, the project has been put on hold.
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