in this issue
Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Ineos sues Sinopec over misuse of acrylonitrile technology
6:28 AM MDT | April 4, 2014 | –Natasha Alperowicz
Ineos says it is taking legal action against Sinopec and Sinopec subsidiaries, including Sinopec Ningbo Engineering Co. (SNEC), for breach of contract and/or misuse of trade secrets. SNEC has broken a long-established technology agreement which, together with trade secret misuse by other Sinopec companies, has enabled a series of world-scale acrylonitrile projects without Ineos’s agreement or consent, Ineos says. Ineos fears that these breaches of rights will harm the company’s acrylonitrile business, which earns up to $500 million/year of profit and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee