# INEOS and SINOPEC form joint venture INEOS Styrolution Advanced Materials

INEOS and SINOPEC notified the European Commission of their proposed joint venture, INEOS Styrolution Advanced Materials (Ningbo) Pte Ltd, to produce advanced materials in China.

- Type: Acquisition
- Announced: 2022-09-30
- Where: Ningbo, China
- Status: announced
- Products: advanced materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [INEOS](https://endata.com/companies/9807.md) (partner)
- [China Petroleum & Chemical Corporation (Sinopec Group)](https://endata.com/companies/53632.md) (partner)
- [INEOS Styrolution Advanced Materials (Ningbo) Pte Ltd](https://endata.com/companies/66306.md) (target)

## Sources

- [eulawlive.com](https://eulawlive.com/competition-corner/prior-notification-published-ineos-sinopec-ineos-styrolution-advanced-materials/), 2022-10-11: "INEOS and SINOPEC will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of INEOS Styrolution Advanced Materials."

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