# Ineos and Sinopec sign three petrochemical joint venture agreements worth $7 billion

Ineos and Sinopec signed three joint venture agreements valued at approximately $7 billion, with combined annual production capacity of 7 million tons and expected annual sales of $10 billion. The deals include Ineos acquiring a 50% stake in Shanghai Secco, a 50:50 JV for ABS production, and a 50:50 JV for HDPE production in Tianjin.

- Type: Acquisition
- Announced: 2025-01-14
- Where: Shanghai, Ningbo, Tianjin, China
- Value: $7.00B
- Status: announced
- Capacity: 7 million tons per year
- Products: ethylene, propylene, polyethylene, polypropylene, styrene, polystyrene, acrylonitrile, butylene, benzene, toluene
- 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) (acquirer)
- [Shanghai SECCO Petrochemical Company Limited](https://endata.com/companies/64385.md) (target)

## Sources

- [bg.morpholine.org](https://bg.morpholine.org/ineos-signs-three-major-petrochemical-deals-with-sinopec-worth-a-total-of-us7-billion/), 2025-01-14: "Ineos и Sinopec подписаха серия от споразумения за съвместни предприятия на обща стойност приблизително 7 милиарда щатски долара."

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