INEOS Styrolution APAC Pte Limited

Sinopec and INEOS signed agreements on July 28, 2022, for three joint ventures: INEOS acquires 50% of Shanghai SECCO for over RMB 10.5 billion; Sinopec acquires 50% of INEOS Styrolution ABS plant in Ningbo; and a 50:50 JV to build a 500,000 t/y HDPE plant.