As part of the overall cooperation between INEOS and Sinopec, the two organizations apprised of the formation of a 50/50 Joint Venture to produce and sell ABS. The Joint Venture will build production of 1.2 million tons 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 organization that is poised to become an ABS leader in China.
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