INEOS and SINOPEC sign joint venture for Tianjin Nangang ethylene project

INEOS and SINOPEC signed a joint venture agreement for the Tianjin Nangang Ethylene Project, with INEOS acquiring a 50% share. The complex includes a 1.2 mtpa cracker and 12 derivative plants, expected on-stream by end of 2023. INEOS Group's equity purchase price is expected to be RMB 5 billion.

“INEOS and SINOPEC have signed a fourth joint venture partnership in China.”ineos.com

• 1 source
• ineos.comINEOS and SINOPEC sign Joint Venture agreement for a brand new petrochemicals complex in Tianjin, ChinaDec 7, 2022

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