# 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).

- Type: Partnership
- Announced: 2023-08-31
- Where: Ningbo; Tianjin, China
- Status: announced
- Capacity: 1.2 million tonnes/year ABS
- Products: ABS (acrylonitrile butadiene styrene)
- 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) (partner)
- [INEOS](https://endata.com/companies/9807.md) (partner)

## Sources

- [51dmapa.com](https://www.51dmapa.com/ineos-and-sinopec-sign-three-major-petrochemical-deals-totaling-7-billion/), 2023-08-31: "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."

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