LyondellBasell and Sinopec plan JV for PO/SM unit in Ningbo, China

LyondellBasell and Sinopec signed a non-binding MoU to form a 50:50 joint venture to construct a new propylene oxide and styrene monomer unit in Zhenhai, Ningbo, China. The facility will produce 300 KTA of PO and 600 KTA of SM, with construction starting in early 2020 and start-up expected in 2022.

“LyondellBasell today announced it has signed a Memorandum of Understanding (MoU) to form a 50:50 joint venture (JV) with China Petroleum & Chemical Corporation (Sinopec).”prnewswire.com

• 1 source
• prnewswire.comLyondellBasell and Sinopec announce joint venture to manufacture propylene oxide and styrene monomer in ChinaLyondellBasellDec 24, 2019

Summarized from public sources; check the original articles before acting on it.