UK chemicals company INEOS has reportedly formally exited the ethylene joint venture it established with China’s Sinopec in Tianjin in 2023. The JV being exited is reportedly a 50:50-owned, 1.2-million-tonne-per-year ethylene cracker facility with total investment of about $7 billion, it is reported. Following the exit, Sinopec will reportedly hold the project entirely on its […]
