ZumbachOnline Banner 1146x100 Extrusion EN 2022

VM
Tags

Guill multi productsbanner smartextrusion basket

Starlinger viscotec Banner1 368x250 2201 ExtrusionInternational RZ

Union new banner

New Issue

Extrusion 5-2022

09.08.2022

Extrusion 5-2022

CPS22 VMVerlag 368 120px EN

Ye I 2021201 EXI Homepage News Banner 746x90pxi 04

Логотип сайта
Ineos Styrolution and Sinopec announce joint venture for ABS in China

Ineos Styrolution and Sinopec announce joint venture for ABS in China

News 29.07.2022

As part of the overall cooperation between INEOS and SINOPEC, the two organisations announce the formation of a 50/50 joint venture to produce and sell ABS. The joint venture will build production of 1.2 million tonnes of ABS to supply the rapidly growing domestic market in China.

The world-scale ABS plant in Ningbo, which is currently under construction by INEOS Styrolution and planned to become operational in 2023, will become part of the new joint venture. This will provide a strong cornerstone in an organisation that is poised to become an ABS leader in China.

Steve Harrington, CEO INEOS Styrolution, comments: “INEOS Styrolution has come a long way from being a joint venture itself in its early years. After acquisitions and investing into new green-field production sites, setting up this joint venture with a strong partner in China feels like the natural next step for growth. We entered China with our first local production sites in 2019. 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. While INEOS Styrolution contributes to the joint venture with technology, customers, and market expertise, SINOPEC provides feedstock integration, and an unequalled network in China. We are looking forward to the collaboration with SINOPEC. A one-off opportunity to accelerate our growth ambitions in Asia.”

sm242x60

IPTF242x60

Extrusion-International 242x60

Our website makes use of cookies to ensure we give you the best experience on our website.
By continuing browsing on our website you give your consent to our use of cookies.