# INEOS and SINOPEC close two petrochemical joint ventures

INEOS and SINOPEC completed two joint venture deals on December 28, 2022: the mutual 50% acquisition of Shanghai SECCO Petrochemical Company Ltd. and a 50:50 JV for ABS production based on INEOS' technology.

- Type: Acquisition
- Announced: 2022-12-28
- Where: Shanghai, China
- Status: completed
- Products: petrochemicals, acrylonitrile butadiene styrene (ABS)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [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

- [hartenergy.com](https://www.hartenergy.com/exclusives/ineos-sinopec-close-pair-petrochemical-jvs-203545), 2022-12-28: "INEOS and SINOPEC completed two petrochemical joint venture deals Dec. 28, and two more are in the works."

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