# Wanhua Chemical and ADNOC consortium to study polyolefin plant in Fuzhou

Wanhua Chemical, through its subsidiary Wanrong New Materials, signed a project cooperation agreement with a consortium of ADNOC, Borealis and Borouge to form a 50:50 joint venture and conduct a feasibility study for a specialty polyolefins integrated facility in Fuzhou, Fujian province, China.

- Type: Partnership
- Announced: 2024-07-23
- Where: Fuzhou, Fujian province, China
- Status: announced
- Capacity: 1.6 million tons per year of polyolefins
- Products: specialty polyolefins, polyethylene, polypropylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Wanhua Chemical](https://endata.com/companies/5042.md)
- [Wanrong New Materials (Fujian)](https://endata.com/companies/78746.md)
- [Borealis](https://endata.com/companies/242.md) (partner)
- [OMV S.p.A.](https://endata.com/companies/1004.md) (partner)
- [ADNOC](https://endata.com/companies/2481.md) (partner)
- [Wanhua Chemical](https://endata.com/companies/5042.md) (partner)
- [Abu Dhabi National Oil Company](https://endata.com/companies/5511.md) (partner)
- [Borouge](https://endata.com/companies/8678.md) (partner)
- [Wanrong New Materials (Fujian)](https://endata.com/companies/78746.md) (partner)
- [Wanrong New Materials](https://endata.com/companies/78815.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-wanhua-to-build-integrated-polyolefin-facility-with-foreign-consortium/), 2024-07-24: "Chinese chemicals giant Wanhua Chemical Group has signed an agreement with a foreign consortium that includes Abu Dhabi National Oil Company to set up a joint venture to build an integrated polyolefin complex in China."
- [paper.cnstock.com](https://paper.cnstock.com/html/2024-07/24/content_1946669.htm), 2024-07-24: "ADNOC, Borealis, Borouge组成投资联合体和万融新材料将在按相关法律法规审批的前提下意向按照50%:50%持股比例组建中外合资公司，共同启动在福建省福州市建设一套特种聚烯烃一体化设施的可行性研究。"
- [mees.com](https://www.mees.com/2024/7/26/corporate/adnoc-downstream-deals-strengthen-china-ties/fdd71070-4b6c-11ef-86c6-6521d76a4a92), 2024-07-26: "A consortium of Adnoc, Borouge and Borealis has signed a Project Collaboration Agreement (PCA) with China’s Wanhua Chemical and its Wanrong New Materials (Fujian) subsidiary to develop a 1.6mn t/y speciality polyolefins complex in China’s southeastern port city of Fuzhou in Fujian province."
- [ogj.com](https://www.ogj.com/general-interest/article/55131953/adnoc-omv-consortium-wanhua-partner-for-proposed-chinese-polyolefins-complex), 2024-08-12: "Borealis AG and Abu Dhabi Polymers Co. Ltd. (Borouge) —shared assets of Abu Dhabi National Oil Co. (ADNOC) and OMV Aktiengesellschaft—have entered an agreement with Wanhua Chemical Group Co. Ltd. subsidiary Wanrong New Materials (Fujian) Co. Ltd. to collaborate on proposed development of a grassroot"

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