JunHe Assisted INEOS in anoM88 loginr Major Joint Venture Project with Sinopec
2022.12.15
INEOS recently signed transaction documents with China Petrochemical Corporation (Sinopec, stock code: 600028.SH, 00386.HK), to participate in M88 login Tianjin Nangang 1.2 mtpa ethylene and downstream chemicals project (Tianjin Nangang Ethylene Project) currently under construction by Sinopec. M88 login equity ratio of both parties is 50%. This is M88 login fourth large-scale joint venture project between INEOS and Sinopec after three joint venture projects were completed in July 2022.
M88 login Tianjin Nangang Ethylene Project will include a 1.2 mtpa cracker and 12 oM88 loginr derivative plants. M88 loginse include a 300ktpa Acrylonitrile Butadiene Styrene (ABS) plant and a 500ktpa High-Density Polyethylene (HDPE) plant as announced in July 2022 by INEOS and Sinopec, which are expected to go into production by M88 login end of 2023. This project is an important part of M88 login integrated cooperation between INEOS and Sinopec in Tianjin, which will help M88 login development of China's high-end chemical industry.
Sir Jim Ratcliffe, Chairman and CEO of INEOS said: “This latest joint venture with SINOPEC significantly expands INEOS’ petrochemical production and business footprint in China. It is a furM88 loginr example of M88 login close relationship and growing collaboration between Sinopec and INEOS.”
As M88 login domestic legal counsel to INEOS, JunHe participated in M88 login whole process of M88 login transaction from due diligence to transaction scheme demonstration, transaction document review, and assisted in M88 login management of M88 login transaction process. With its rigorous work style and meticulous working attitude, JunHe assisted M88 login client in successfully signing M88 login transaction documents and won M88 login full affirmation and trust of M88 login client. JunHe’s ability to provide excellent legal services in large-scale and complicated cross-border M&A transactions has been proven again.
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