Equal joint venture between Ineos and Sinopec for PE for pipes

Ineos 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 HDPE plant to produce Ineos pipe grade under license and 11 other derivative units.