HomeNewsINEOS and SINOPEC sign Joint Venture agreement for a brand new petrochemicals complex in Tianjin, China

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INEOS and SINOPEC sign Joint Venture agreement for a brand new petrochemicals complex in Tianjin, China

12/7/2022

INEOS - Press Release   The agreement sees INEOS acquire a 50% share in the Tianjin Nangang Ethylene Project, which is currently under construction by SINOPEC and is expected to be on-stream by the end of 2023 The cracker complex will include a 1.2 mtpa cracker, and 12 other derivative plants, including a 300ktpa ABS (Acrylonitrile Butadiene Styrene) plant and a 500ktpa HDPE (High-Density Polyethylene) plant using INEOS technology as announced in July Sir Jim Ratcliffe, Chairman and CEO INEOS said: “This latest joint venture with SINOPEC significantly expands INEOS’ petrochemical production and business footprint in China. It is a further example of the close relationship and growing c

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