# Sinopec units form JV to make styrenic plastics, elastomers

Shanghai Petrochemical and Baling Petrochemical, subsidiaries of Sinopec, will establish a joint venture called Shanghai Jinshan Baling New Material Co. to produce styrene-based plastics and elastomers, with an investment of 800 million renminbi ($123.8 million).

- Type: Acquisition
- Announced: 2021-09-09
- Where: eastern China, China
- Value: $123.8M (800.0M CNY)
- Status: announced
- Products: styrene-based plastics, styrene-butadiene-styrene, styrene-ethylene-butylene block copolymers, styrene-ethylene-propylene-styrene, styrene-butadiene rubber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sinopec](https://endata.com/companies/1143.md) (partner)
- [Baling Petrochemical](https://endata.com/companies/26832.md) (partner)
- [Shanghai Petrochemical](https://endata.com/companies/57641.md) (partner)
- [Shanghai Jinshan Baling New Material Co.](https://endata.com/companies/57642.md) (target)

## Sources

- [chemweek.mydigitalpublication.com](https://chemweek.mydigitalpublication.com/articles/sinopec-units-form-jv-to-make-styrenic-plastics-elastomers), 2021-09-09: "Sinopec says that its subsidiaries Shanghai Petrochemical and Baling Petrochemical will establish a joint venture (JV) to produce styrene-based plastics and elastomers."

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