 "The Adani partnership will also evaluate co-investment in a wind and solar park, plans for which are at an advanced stage. The power generated from this would be used in the chemical complex")
The Abu Dhabi National Oil Company (ADNOC) has joined the Adani group for its entry into the chemicals business. In January, Adani had announced a partnership with German major BASF SE for the same.
Along with ADNOC, Borealis AG has also signed a memorandum of understanding (MoU) to conduct a joint feasibility study for setting up a chemical complex at Mundra (Gujarat).
The total investment in the chemical complex is estimated at $4 billion, said a joint press statement on Thursday. “With the inclusion of ADNOC and Borealis as potential partners, the parties are examining various structuring options for the chemical
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