# LyondellBasell and Sinopec finalize joint venture for PO and SM production in China

LyondellBasell and Sinopec signed an agreement to form a 50:50 joint venture named Ningbo ZRCC LyondellBasell New Material Company Limited to produce propylene oxide (PO) and styrene monomer (SM) in Zhenhai Ningbo, China. The new unit will have 275 KTA capacity of PO and 600 KTA capacity of SM, using LyondellBasell's PO/SM technology.

- Type: Acquisition
- Announced: 2021-01-26
- Where: Zhenhai Ningbo, China
- Status: announced
- Capacity: 275 KTA PO, 600 KTA SM
- Products: propylene oxide, styrene monomer
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sinopec](https://endata.com/companies/1143.md) (partner)
- [LyondellBasell](https://endata.com/companies/1444.md) (partner)

## Sources

- [lyondellbasell.com](https://www.lyondellbasell.com/en/who-we-are/updates-events/corporate--financial-news/lyondellbasell-and-sinopec-finalize-joint-venture-to-manufacture-propylene-oxide-and-styrene-monomer-in-china/), 2021-01-26: "As China's economy continues to grow, so will demand for propylene oxide and styrene monomer."

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