Why does Tianjin Petrochemical want a joint venture with Ineos?

Enhance the competitiveness of products. The joint venture between Tianjin Petrochemical and Ineos mainly cooperates in the field of synthetic resin. Tianjin Petrochemical Company is a large-scale petrochemical enterprise under China Petrochemical Co., Ltd., which is rich in raw materials and technical resources. Ineos is one of the world-renowned chemical producers, and also has leading technology and experience in the field of synthetic resins. After the joint venture, the two parties will jointly invest in building a new production line, make use of their respective advantages to realize resource integration, technological innovation and market development, improve product quality and production efficiency, and further promote the development of synthetic resin industry in China. At the same time, it is also an important attempt for Tianjin Petrochemical and China Petrochemical to enhance the production capacity and core competitiveness of new chemical materials and high-end chemical products.