Sinochem
Also known as:
ChemChina (subsidieary), China National Chemical Corporation
Sinochem Holdings a large state owned chemicals company in China, comprised of two main subsidiaries - Sinochem Group and ChemChina, both of whom own and operate refineries in China..
While Sinochem is primarily a chemicals company, it has developed a portfolio of refineries over time through acquisition and greenfield investment.
Company information
Headquarters: 11/F, Central Tower, Chemsunny World Trade Center, 28 Fuxingmennei Street, Xicheng District, Beijing, 100031
Refining history
1950 - China Import Corporation founded (predecessor to China National Import Export Company)
1990 - Sinochem joined WEPEC JV set up to construct the Dalian West Pacific refinery and petrochemical plant
1997 - Dalian project completed by WEPEC
2003 - China National Chemical Import Export Company renamed Sinochem
2004 - ChemChina founded through combination of companies under the Ministry of Chemical industry including China National Bluestar and China Hoahua Chemical
2011 - Sinochem acquired a controlling stake in Hongrun Petrochemical and its Weifang refinery
2014 - Quanzhou refinery completed by Sinochem
2021 - Sinochem and Chemchina received government permission for a merger of the two companies under Sinochem Holdings