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INEOS AND SINOPEC FORM A JV TO PRODUCE AND SELL ABS

August 12, 2022

INEOS and Sinopec form a 50/50 joint venture (JV) to build and sell ABS in China. The JV will build a 1.2m mt/year ABS plant for the growing Chinese market.

The acrylonitriel butadiene styrene (ABS) plant located in Ningbo, China, is under construction and is planned to start in 2023.

Steve Harrington, CEO INEOS Styrolution, comments: “The collaboration with SINOPEC allows us to continue to grow in China in fast-forward mode.”

Rob Buntinx, President APAC at INEOS Styrolution, adds: “We are particularly excited that our Terluran® ABS is the basis for this cooperation. “