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BASF and Adani Group join forces to Evaluate Investments in Acrylics Value Chain

BASF SE, a global chemical company headquartered in Germany has signed a Memorandum of Understanding (MoU) with Adani Group to evaluate a major investment in the acrylics value chain in the country. The proposed investment comprises development, construction and operation of production plants including propane dehydrogenation (PDH), oxo C4 complex (butanols and 2-ethylhexanol), glacial acrylic acid (GAA), Butyl Acrylate and other downstream products to serve several domestic industries such as construction, automotive and coating industry and is valued at approximately INR 160 Billion. The proposed investment is likely to come up as a unique cluster in Mundra, Gujarat.