# 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.

- Type: Partnership
- Announced: 2023-08-31
- Where: Tianjin, China
- Status: announced
- Capacity: 500,000 tonnes/year HDPE
- Products: high-density polyethylene (HDPE)
- 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 joint venture company with a 50%:50% equity ratio to build a new 500,000-ton/year high-density polyethylene (HDPE) project in Tianjin."

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