INEOS and Sinopec form 50:50 JV for 500,000 tonnes/year HDPE plant in Tianjin

INEOS and Sinopec will form a 50:50 joint venture to build a new 500,000 tonnes/year high-density polyethylene (HDPE) plant in Tianjin, expected to be mechanically completed by end 2023. They also plan at least two more 500,000 tonnes/year HDPE projects.

“INEOS and Sinopec will jointly establish a joint venture company with a 50%:50% equity ratio to build a new 500,000-ton/year high-density polyethylene (HDPE) project in Tianjin.”51dmapa.com

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