# Ineos completes acquisition of 50% stake in Sinopec's SECCO petrochemical complex

Ineos has completed the acquisition of a 50% stake in Shanghai SECCO Petrochemical, an affiliate of Sinopec. SECCO operates a petrochemical complex at the Shanghai Chemical Industry Park with a total capacity of 4.2 million metric tons/year.

- Type: Acquisition
- Announced: 2023-01-05
- Where: Shanghai Chemical Industry Park, China
- Value: $1.60B
- Status: completed
- Capacity: 4.2 million metric tons/year
- Products: ethylene, propylene, polyethylene, polypropylene, styrene, polystyrene, acrylonitrile, butadiene, benzene, toluene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sinopec](https://endata.com/companies/1143.md) (partner)
- [Sinopec](https://endata.com/companies/1143.md) (target)
- [INEOS](https://endata.com/companies/9807.md) (acquirer)
- [Shanghai SECCO Petrochemical Company Limited](https://endata.com/companies/64385.md) (target)

## Sources

- [chemweek.mydigitalpublication.com](https://chemweek.mydigitalpublication.com/articles/ineos-sinopec-complete-two-petrochemical-deals), 2023-01-05: "Ineos says it has completed the acquisition of a 50% stake in Shanghai SECCO Petrochemical, an affiliate of Sinopec."
- [cen.acs.org](https://cen.acs.org/business/Business-Roundup/101/i6), 2023-02-10: "Ineos has completed its purchase of a 50% interest in Shanghai Secco Petrochemical from Chinese petrochemical maker and refiner Sinopec for $1.6 billion."

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