·ADX·General Disclosure | Announcements·April 17, 2026·View on exchange
AI Summary
Borouge Plc signed a 50:50 joint venture agreement with Wanrong New Materials (a Wanhua Chemical Group subsidiary) to develop a cracker and polyethylene complex in Fujian, China.
The agreement establishes a governance and financing structure for the project, building on a collaboration agreement originally announced in July 2024.
The proposed project will utilize Borstar® technology and Borouge’s existing regional sales network, pending necessary regulatory approvals.