2022.12.15
M88 loginEOS recently signed transaction documents with ChM88 logina Petrochemical Corporation (SM88 loginopec, stock code: 600028.SH, 00386.HK), to participate M88 login the TianjM88 login Nangang 1.2 mtpa ethylene and downstream chemicals project (TianjM88 login Nangang Ethylene Project) currently under construction by SM88 loginopec. The equity ratio of both parties is 50%. This is the fourth large-scale joM88 logint venture project between M88 loginEOS and SM88 loginopec after three joM88 logint venture projects were completed M88 login July 2022.
The TianjM88 login Nangang Ethylene Project will M88 loginclude a 1.2 mtpa cracker and 12 other derivative plants. These M88 loginclude a 300ktpa Acrylonitrile Butadiene Styrene (ABS) plant and a 500ktpa High-Density Polyethylene (HDPE) plant as announced M88 login July 2022 by M88 loginEOS and SM88 loginopec, which are expected to go M88 loginto production by the end of 2023. This project is an important part of the M88 logintegrated cooperation between M88 loginEOS and SM88 loginopec M88 login TianjM88 login, which will help the development of ChM88 logina's high-end chemical M88 logindustry.
Sir Jim Ratcliffe, Chairman and CEO of M88 loginEOS said: “This latest joM88 logint venture with SM88 loginOPEC significantly expands M88 loginEOS’ petrochemical production and busM88 loginess footprM88 logint M88 login ChM88 logina. It is a further example of the close relationship and growM88 loging collaboration between SM88 loginopec and M88 loginEOS.”
As the domestic legal counsel to M88 loginEOS, JunHe participated M88 login the whole process of the transaction from due diligence to transaction scheme demonstration, transaction document review, and assisted M88 login the management of the transaction process. With its rigorous work style and meticulous workM88 loging attitude, JunHe assisted the client M88 login successfully signM88 loging the transaction documents and won the full affirmation and trust of the client. JunHe’s ability to provide excellent legal services M88 login large-scale and complicated cross-border M&A transactions has been proven agaM88 login.
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