British Chemical Giant Ineos to Invest $800 Million in a New Chinese Plant

Ineos Ltd., one of the world’s largest chemical producers, is nearing an $800 million investment in a new plant in China, according to a person familiar with the matter, a sign that multinational manufacturers are still optimistic about China’s economic outlook.

A unit of London-headquartered Ineos plans to build a wholly owned plant in the coastal Chinese city of Ningbo that will produce a type of moldable plastic known as acrylonitrile butadiene styrene, or ABS. The material is commonly used to make Lego bricks and casings...

Could it be because China has less environmental regulations than other nation states? Perhaps China has less regulations for businesses, period.

AllisWell

XHNews TeamINEOS Yes, Please continue to destroy the planet, our waters and our health!

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