INEOS and Sinopec form 50:50 JV for 1.2M tonnes/year ABS production

INEOS and Sinopec will form a 50:50 joint venture to achieve 1.2 million tonnes/year ABS production capacity, including a 600,000 tonnes/year plant in Ningbo (mechanical completion by end 2023) and two 300,000 tonnes/year plants (one in Tianjin).

“INEOS and Sinopec will jointly establish a new joint venture company with a 50%:50% equity ratio, aiming to achieve 1.2 million tons/year ABS production capacity.”51dmapa.com

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