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Sinopec and INEOS will set up a 50:50 joint venture to build a high-density polyethylene plant in Tianjin, with a registered capital of about 623 million yuan.
“the 2 firms will set up a joint venture with equal equity in the northern Chinese city of Tianjin to manufacture high density polyethylene”businesstimes.com.sg
Summarized from public sources; check the original articles before acting on it.