China Petroleum & Chemical Corporation (Sinopec Group)

INEOS and SINOPEC will launch a 50:50 joint venture to build a high-density polyethylene (HDPE) plant in Tianjin with a 500,000 tonne capacity per year, expected to be in production from 2023.

INEOS and SINOPEC agreed to establish a 50:50 joint venture for ABS production, including a 600ktpa facility under construction in Ningbo and an additional 600ktpa of new capacity.

INEOS agreed to acquire a 50% stake in Shanghai SECCO Petrochemical Company Limited from SINOPEC, a petrochemical company with 4.2 million tonnes capacity.

Aramco, Sinopec and Fujian Petrochemical Company Limited broke ground on a new integrated refining and petrochemical complex in Fujian Province, China. The facility will have a 16 million tons-per-year oil refining unit.

BASF and SINOPEC will expand their joint venture BASF-YPC's Verbund site in Nanjing, China, including capacity expansions of several downstream chemical plants and a new tert-butyl acrylate plant. The expanded and new plants are planned to come on stream in 2023.

LyondellBasell and Sinopec signed an agreement to form a 50:50 joint venture, Ningbo ZRCC LyondellBasell New Material Company Limited, to produce 275,000 tonnes/year of propylene oxide and 600,000 tonnes/year of styrene monomer in Ningbo, China. Production is expected to start by the end of 2021.

Sinopec Engineering (Group) signed a contract valued at about $900 million with a project company (40% owned by Sinopec Group, 60% by SIBUR) to provide engineering services for the construction of an ethylene unit at the Amur gas chemical plant in Blagoveshchensk, Russia.