-- 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.