# LyondellBasell and Sinopec form JV for PO/SM plant in Ningbo

LyondellBasell and Sinopec signed an agreement to form a 50:50 joint venture, Ningbo ZRCC LyondellBasell New Material Company Limited, to produce 275,000 tonnes/year of propylene oxide and 600,000 tonnes/year of styrene monomer in Ningbo, China. Production is expected to start by the end of 2021.

- Type: Partnership
- Announced: 2021-04-13
- Where: Ningbo, Zhejiang, China
- Status: announced
- Capacity: 275,000 tonnes/year of PO and 600,000 tonnes/year of SM
- Products: propylene oxide, styrene monomer
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md) (partner)
- [China Petroleum & Chemical Corporation (Sinopec Group)](https://endata.com/companies/53632.md) (partner)

## Sources

- [soliao.com](https://www.soliao.com/news/waichang/40978.html), 2021-04-13: "随着中国经济的持续增长，环氧丙烷和苯乙烯单体的需求也将不断增长。"

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