Sinopec to acquire 50% stake in INEOS ABS venture for $631 million

Sinopec will acquire a 50% stake in an INEOS-owned venture in Ningbo that produces ABS plastic, for $631 million, including a 600,000 tpy ABS plant under construction and plans for two more.

“the Chinese oil and gas major also said it will acquire a 50 per cent stake for US$631 million in an Ineos-owned venture based in east China that produces ABS plastic”businesstimes.com.sg

• 1 source
• businesstimes.com.sgSinopec agrees deals with Ineos, sells stake at Shanghai plant for 10.5 billion yuan - The Business TimesJul 28, 2022

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