# INEOS and SINOPEC form ABS joint venture

INEOS and SINOPEC agreed to establish a 50:50 joint venture for ABS production, including a 600ktpa facility under construction in Ningbo and an additional 600ktpa of new capacity.

- Type: Partnership
- Announced: 2022-07-28
- Where: Ningbo, China, China
- Status: announced
- Capacity: 1.2 million tonnes per year
- Products: ABS (Acrylonitrile Butadiene Styrene)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sinopec](https://endata.com/companies/1143.md) (partner)
- [INEOS](https://endata.com/companies/9807.md) (partner)
- [China Petroleum & Chemical Corporation (Sinopec Group)](https://endata.com/companies/53632.md) (partner)

## Sources

- [ineos.com](https://www.ineos.com/ineos-quattro-investor-relations/news/ineos-and-sinopec-sign-three-significant-petrochemical-deals-with-an-aggregate-value-of-$7bn/), 2022-07-28: "INEOS and SINOPEC will also establish a second 50:50 joint venture for ABS..."
- [soci.org](https://www.soci.org/news/2022/7/ineos-signs-deal-with-chinese-petroleum-and-chemical-corporation), 2022-08-01: "INEOS and SINOPEC have inked a 50:50 joint venture to produce acrylonitrile butadiene styrene (ABS) using INEOS’ proprietary ABS Technology."

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