Sinopec and INEOS sign agreements for three high-end chemical projects

Sinopec and INEOS signed agreements on July 28, 2022, for three joint ventures: INEOS acquires 50% of Shanghai SECCO for over RMB 10.5 billion; Sinopec acquires 50% of INEOS Styrolution ABS plant in Ningbo; and a 50:50 JV to build a 500,000 t/y HDPE plant.

“通过此次更为紧密的合资和技术合作，中国石化与英力士将在世界上增长最快的中国市场取得更大的业务规模，实现共赢，并推动高端化学品化工行业发展。”kingandwood.com

• 1 source
• kingandwood.com金杜助力中国石化与英力士达成三个高端化工项目的合作协议 - 金杜律师事务所Dec 29, 2022

Summarized from public sources; check the original articles before acting on it.