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Sinopec to buy 30% stake in Kazakhstan polyethylene project · Endata

◂ Announcements

Plastics and Polymersworld trade 2024+3.9% 5Y CAGR

Oct 18, 2023ACQUISITIONAtyrau region, Kazakhstan, Kazakhstan

Sinopec to buy 30% stake in Kazakhstan polyethylene project

Sinopec has agreed to acquire a 30% equity stake in KazMunayGas's polyethylene plant project in the Atyrau region of Kazakhstan, with an annual capacity of 1.25 million tons. The transaction is expected to close by Q1 2024.

Status

Announced

Capacity

1.25 million tons per year

Productspolyethylene

CompaniesSinopec acquirer KazMunayGas target

Sectors#Plastics and Polymers

“Sinopec will receive the equity transfer from KazMunayGas and other partners in the project, the Beijing-based firm said on its WeChat account yesterday, citing the deal inked by Chairman Ma Yongsheng and Magzum Mirzagaliyev, chair of KazMunayGas, at the third Belt and Road Forum for International C”yicaiglobal.com

1 source
yicaiglobal.comSinopec to Buy 30% Stake in Kazakhstan’s Biggest Polyethylene ProjectXu WeiOct 18, 2023

Summarized from public sources; check the original articles before acting on it.

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