# LyondellBasell and Sinopec announce JV for propylene oxide and styrene monomer in China

LyondellBasell and Sinopec announced a joint venture to manufacture propylene oxide and styrene monomer in China.

- Type: Acquisition
- Announced: 2020-03-01
- Where: China, China
- Value: $2.60B
- Status: announced
- Capacity: 1.1 million metric tons per annum ethylene
- Products: propylene oxide, styrene monomer
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md)
- [Sinopec](https://endata.com/companies/1143.md) (partner)
- [Liaoning Bora Enterprise Group](https://endata.com/companies/45774.md) (partner)

## Sources

- [doi.org](https://doi.org/10.1016/j.fos.2020.04.005), 2020-03-01: "LyondellBasell and Sinopec announce JV to manufacture propylene oxide and styrene monomer in China"
- [prnewswire.com](https://www.prnewswire.com/news-releases/lyondellbasell-and-bora-sign-definitive-agreements-to-form-chinese-joint-venture-301018831.html), 2020-03-06: "China is a large market with growing demand for high quality polyolefin products."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.