# Ineos to acquire Sasol's 50% stake in Gemini HDPE joint venture for $404M

Ineos has agreed to acquire Sasol's 50% membership interest in Gemini HDPE LLC for $404 million. Gemini is a toll manufacturer of bimodal HDPE products located in La Porte, Texas.

- Type: Acquisition
- Announced: 2021-07-22
- Where: La Porte, Texas, United States
- Value: $404.0M
- Status: announced
- Products: bimodal high-density polyethylene (HDPE)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sasol](https://endata.com/companies/8322.md) (target)
- [INEOS](https://endata.com/companies/9807.md) (acquirer)
- [Gemini HDPE](https://endata.com/companies/51400.md) (target)

## Sources

- [jjchem.net](https://www.jjchem.net/hgsb/202107/072215361.html), 2021-07-22: "We are delighted to have the opportunity to acquire Sasol's half of Gemini."
- [jjchem.net](https://www.jjchem.net/hghq/202108/083118773.html), 2021-08-31: "We are pleased to have the opportunity to acquire Sasol's half of Gemini."

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