Financial Wire

Borouge, Wanhua Chemical's Unit to Establish Cracker, Polyethylene Complex JV in China

-- Borouge (ADX:BOROUGE) and Wanhua Chemical Group's petrochemicals and polyolefins unit, Wanrong New Materials, signed a joint venture deal to develop a cracker and polyethylene complex in Fujian, China.

The Abu Dhabi-listed petrochemicals company and its Chinese partner will equally own the joint venture, according to a Friday release. The deal is subject to regulatory approvals.

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