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BASF in focus as it eyes petrochemical complex

| Updated on October 17, 2019 Published on October 17, 2019

 

BASF is teaming up with partners to study the feasibility of a petrochemicals complex in India worth up to $4 billion, which would be the world’s first-to-be fully powered by renewable energy. A Reuters report said that BASF had signed a MoU with Abu Dhabi National Oil Company, Adani Group and Borealis AG to further evaluate a collaboration to build the chemicals site in Mundra, Gujarat. BASF would foot roughly half of the overall investments. Shares of both BASF will remain in focus.

Published on October 17, 2019
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