INEOS acquires 50% stake in Sinopec's Shanghai Secco petrochemical plant

INEOS will acquire a 50% stake in Shanghai Secco Petrochemical Co., Ltd., a Sinopec subsidiary with 4.2 million tonnes/year capacity. The deal is part of three joint venture agreements totaling $7 billion.

“INEOS and Sinopec today signed a series of joint venture agreements with a total value of approximately US$7 billion.”51dmapa.com

• 2 sources
• 51dmapa.com<b>ineos and sinopec sign three major petrochemical deals totaling $7 billion</b>_MorpholineAug 31, 2023
• ineos.comINEOS and SINOPEC sign second Joint Venture to produce ABS in China.Sep 6, 2023

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