# Sinopec and INEOS form joint venture for HDPE plant in Tianjin

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.

- Type: Partnership
- Announced: 2022-07-28
- Where: Tianjin, China
- Value: $92.0M (623.0M CNY)
- Status: announced
- Products: high-density polyethylene
- 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)

## Sources

- [businesstimes.com.sg](https://www.businesstimes.com.sg/companies-markets/energy-commodities/sinopec-agrees-deals-ineos-sells-stake-shanghai-plant-105), 2022-07-28: "the 2 firms will set up a joint venture with equal equity in the northern Chinese city of Tianjin to manufacture high density polyethylene"

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