The Adani Group and German chemical company BASF SE signed an MoU with the Abu Dhabi National Oil Company (ADNOC) and Borealis AG for conducting a joint feasibility study for the development of the Gujarat petrochemical complex project (Mundra port) on October 18, 2019. The project involves the construction of a petrochemical production hub at Mundra port in Gujarat at a cost of Rs 284 billion. The scope of work includes development, construction and operation of plants producing propane dehydrogenation, oxo C4 complex (butanols and 2-ethylhexanol), glacial acrylic acid, butyl acrylate and other downstream products.
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