Adani Group and Indorama Corporation have entered into a partnership to expand their petrochemical presence in India. The collaboration aims to develop a new petrochemical complex in Gujarat, India, with an estimated investment of INR 12,000 crore (approximately USD 1.6 billion). The project will include the construction of a polypropylene plant, a polyethylene plant, and other downstream units.
The partnership combines Adani’s expertise in infrastructure development and logistics with Indorama’s experience in petrochemical production. The joint venture will leverage Adani’s existing port and terminal infrastructure to ensure seamless transportation of raw materials and products.
The new petrochemical complex is expected to meet the growing demand for petrochemicals in India, particularly in the plastics and packaging industries. The project will also create jobs and stimulate local economic growth.
The partnership between Adani and Indorama underscores the importance of public-private collaborations in driving economic growth and development in India. The project is expected to be completed by 2025 and will play a significant role in meeting India’s growing demand for petrochemicals.