# Ineos to acquire 50% stake in Sinopec's Shanghai Secco Petrochemical

Ineos agreed to acquire a 50% stake in Shanghai Secco Petrochemical Company Limited (Secco), a Sinopec subsidiary with 4.2 million tons of petrochemical capacity. The deal is part of three agreements totaling $7 billion.

- Type: Acquisition
- Announced: 2023-06-02
- Where: Shanghai, China
- Status: announced
- Capacity: 4.2 million tons of petrochemical products
- Products: ethylene, propylene, polyethylene, polypropylene, styrene, polystyrene, acrylonitrile, butadiene, benzene, toluene
- 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) (target)
- [INEOS](https://endata.com/companies/9807.md) (acquirer)
- [Shanghai SECCO Petrochemical Company Limited](https://endata.com/companies/64385.md) (target)

## Sources

- [kartli.ch](https://kartli.ch/tpost/7hru44zgn1-ineos-and-sinopec-have-signed-three-majo), 2023-06-02: "Ineos has agreed to acquire a 50% stake in Shanghai Secco Petrochemical Company Limited (Secco), a subsidiary of Sinopec."

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