HomeNewsINEOS and SINOPEC Sign Three Significant Petrochemical Deals with an Aggregate Value of $7 Billion

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INEOS and SINOPEC Sign Three Significant Petrochemical Deals with an Aggregate Value of $7 Billion

7/28/2022

INEOS - Press Release INEOS Group INEOS Olefins & Polymers Europe INEOS Styrolution These transactions establish a very large footprint for INEOS in China. The agreements will have a combined capacity of 7 million tonnes per annum, generating a turnover of around $10bn. The three deals are: SECCO joint venture. INEOS will acquire 50% of Shanghai SECCO Petrochemical Company Limited (“SECCO”). SECCO has a capacity of 4.2 million tonnes of petrochemicals including ethylene, propylene, polyethylene, polypropylene, styrene, polystyrene, acrylonitrile, butadiene, benzene and toluene. ABS joint venture. INEOS and SINOPEC will also establish a second 50:50 joint venture for ABS (Acr

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