# BP invests $25 million in China Resources Chemical Materials

BP invested $25 million in China Resources Chemical Materials Technology Co., Ltd., becoming a shareholder, and signed a strategic cooperation agreement to strengthen PTA procurement for PET production.

- Type: Investment
- Announced: 2020-04-23
- Where: China
- Value: $25.0M
- Status: completed
- Products: PTA, PET
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [China Resources Chemical Materials Technology Co., Ltd.](https://endata.com/companies/37941.md)
- [BP](https://endata.com/companies/1131.md) (investor)

## Sources

- [echemi.com](https://www.echemi.com/cms/101281.html), 2020-04-23: "China Resources Chemical Materials Technology Co., Ltd. introduced BP (British Petroleum) to invest 25 million US dollars, becoming one of the shareholders."

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