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Ineos, Sinopec sign JV agreement for phenol-acetone plant in China

12:34 PM MDT | March 24, 2014

Ineos Phenol and Sinopec Yangzi Petrochemical (Sinopec YPC) have signed a joint venture agreement and articles of association to form a 50-50 jv company at Nanjing, China, for the companies’ previously announced phenol acetone project. The jv, Ineos YPC Phenol Nanjing, will 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 the plant is expected to be operational by the end of 2016. The complex will produce 400,000 m.t./year of phenol; 250,000 m.t./year of...

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