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Ineos and Sinopec sign JV agreement for phenol- acetone project in China

7:23 AM MST | February 20, 2014 | Deepti Ramesh

Ineos Phenol and Sinopec Yangzi Petrochemical Co. (Sinopec YPC) have today signed a joint venture agreement and the Articles of Association to form a 50-50 jv company at Nanjing, China for their previously announced phenol-acetone project. The jv, which is called Ineos YPC Phenol Nanjing Co. is set to build the largest phenol-acetone plant in China, at the Nanjing Chemical Industrial Park. The project will involve a total investment of $500 million and is expected to be operational by the end of 2016. The complex will produce 400,000 m.t./year of phenol and...

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