# Ineos buys out Sasol's 50% stake in Gemini JV for $404M

Ineos Olefins and Polymers USA has agreed to buy Sasol's 50% stake in the Gemini joint venture for $404 million, taking full ownership. The deal is expected to close by year end. Gemini is a toll manufacturer of bimodal HDPE in Bayport, Texas.

- Type: Acquisition
- Announced: 2020-11-24
- Where: Bayport, Texas, United States
- Value: $404.0M
- Status: announced
- Products: bimodal high-density polyethylene (HDPE)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sasol](https://endata.com/companies/8322.md) (partner)
- [INEOS Olefins & Polymers USA](https://endata.com/companies/25074.md) (acquirer)
- [Gemini](https://endata.com/companies/51444.md) (target)

## Sources

- [chemanager-online.com](https://chemanager-online.com/en/news/ineos-buys-out-sasol-in-gemini-jv), 2020-11-24: "Ineos Olefins and Polymers USA has agreed terms to buy Sasol's 50% stake in their Gemini joint venture for $404 million, taking full ownership."

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