Beijing, China
Sinochem Energy is a leading national operator and comprehensive service provider in the petroleum and petrochemical industry. As the main operating entity of Sinochem Group's energy business, Sinochem Energy leverages its strong foundation accumulated over 60 years of engagement in the oil industry, fully utilizing its resource, channel, and operational advantages in domestic and international markets. It has gradually formed an industrial pattern with integrated refining and petrochemical operations as the fulcrum, gathering various synergistic businesses, and is committed to leading the reform of China's energy industry.
Sinochem Energy operates five major business divisions: oil trading, oil refining, warehousing and logistics, petrochemical sales, and headquarters and technology. It is the first state-owned company in China to engage in crude oil and refined oil trading and is also the leading operator in crude oil, refined oil, and petrochemical product warehousing and logistics in China. Presently, their third-party warehousing capacity ranks first in the industry nationwide, and their branded gas station network is the fourth largest in the country. Quanzhou Petrochemical, located in Fujian Quanzhou, has significant latecomer advantages and vast development potential, being one of the most competitive refining and petrochemical assets in the Asian region. With the support of internet technology platforms, Sinochem Energy consolidates the aforementioned businesses and connects every participant in the petroleum and petrochemical industry, aiming to reshape the industry landscape through ultimate innovation.
Founded in 1950 and headquartered in China, the company received a $1.65 billion debt financing investment on 28 December 2019, with CITIC Securities, China Industrial Bank, and Agricultural Bank of China as the investors.
