Ineos, Sinopec to Establish JV for New ABS Plant

Plant Engineering Ineos, Sinopec to Establish JV for New ABS Plant

2023-09-08 Source: Press release Ineos 1 min Reading Time

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Under the 50-50 joint venture, the companies will develop a new 300 ktpa ABS plant in Tianjin, China which will be based on Ineos’ Terluran ABS technology. The unit is expected to come on stream in April 2025.

Ineos and Sinopec signed a shareholder agreement for the formation of a 50:50 joint venture to build a new 300ktpa ABS plant in Tianjin, China. (Source: Ineos) — Ineos and Sinopec signed a shareholder agreement for the formation of a 50:50 joint venture to build a new 300ktpa ABS plant in Tianjin, China.
(Source: Ineos)

London/UK – On 30th August, Ineos and Sinopec signed a shareholder agreement for the formation of a 50:50 joint venture to build a new 300ktpa ABS plant in Tianjin. The plant, which is currently under construction by Sinopec, will be based on Ineos’ world-leading Terluran ABS technology and is planned to come on stream in April 2025.

This is the second of three new-build ABS plants announced by both companies last year, each to be managed as a joint venture between Ineos Styrolution and Sinopec. The first was the 600ktpa facility in Ningbo, which is planned to come on stream by the end of this year. The location of the third ABS plant is yet to be decided.

This announcement 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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