# Sinopec acquires 30% stake in Kazakhstan PE joint venture Silleno

Sinopec will acquire a 30% stake in Silleno LLP, a joint venture developing a 1.25 million metric tons per year polyethylene complex at Atyrau, Kazakhstan, from KazMunayGas and Sibur. The deal is expected to close in Q1 2024.

- Type: Acquisition
- Announced: 2023-10-17
- Where: Atyrau Region, Karabatan, Kazakhstan
- Status: announced
- Capacity: 1.25 million metric tons per year (PE)
- Products: polyethylene (PE), purified terephthalic acid (PTA), polyethylene terephthalate (PET)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PJSC Sibur Holding](https://endata.com/companies/45105.md) (partner)
- [China Petroleum & Chemical Corp. (Sinopec)](https://endata.com/companies/73307.md) (acquirer)
- [KazMunayGas JSC NC](https://endata.com/companies/73308.md) (partner)
- [Silleno LLP](https://endata.com/companies/73309.md) (target)

## Sources

- [chemweek.mydigitalpublication.com](https://chemweek.mydigitalpublication.com/articles/new-construction?article_id=4670043&i=806806), 2023-10-27: "Sinopec will acquire a 30% stake in a joint venture developing a polyethylene (PE) project at Atyrau, Kazakhstan."

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