# BASF and Adani to evaluate EUR 2B acrylics investment in India

BASF and Adani Group signed an MoU to evaluate a joint investment of about EUR 2 billion in an acrylics value chain at Mundra port, Gujarat, India, which would be BASF's largest investment in India.

- Type: Investment
- Announced: 2019-01-22
- Where: Mundra, Gujarat, India
- Value: $2.28B (2.00B EUR)
- Status: announced
- Products: acrylics, propane dehydrogenation, butanols, 2-ethylhexanol, glacial acrylic acid, butyl acrylate
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (investor)
- [Adani Group](https://endata.com/companies/15392.md) (partner)

## Sources

- [european-coatings.com](https://www.european-coatings.com/news/raw-materials/basf-to-partner-with-adani-to-evaluate-investment-in-acrylics-value-chain-in-india/), 2019-01-22: "BASF and Adani want to establish a joint venture with an investment totaling about EUR 2 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.