Ineos, Sinopec Complete JV Formation for Petrochemical Complex in China

Plant Engineering Ineos, Sinopec Complete JV Formation for Petrochemical Complex in China

2023-08-04 Source: Press release Ineos 1 min Reading Time

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INEOS Group

SINOPEC Int'l

EagleBurgmann Germany GmbH & Co. KG

EDL Anlagenbau Gesellschaft mbH

Pörner Ingenieurgesellschaft mbH

Ineos has successfully completed a 50-50 joint venture with Sinopec. Under the newly established company, the Tianjin Nangang Ethylene Project which is currently under construction in China by Sinopec will be developed.

London/UK – Ineos has recently completed the formation of a 50/50 joint venture with Sinopec for the Tianjin Nangang Ethylene Project, announced in December 2022, which is currently under construction by Sinopec and expected to be on-stream by April 2024.

The petrochemical complex includes a 1.2 mtpa cracker, a new 500 ktpa High-Density Polyethylene plant to produce Ineos pipe grade under license and 11 other derivative units.

The completion of the agreement marks the continued progression of the significant petrochemical deals announced by the parties in July and December last year, and highlights the close relationship and growing collaboration between Sinopec and Ineos.

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