On January 8, Sinochem Oil Co., Ltd., a subsidiary of Sinochem Group, and Hengli Petrochemical (Dalian) Refinery Co., Ltd. under Hengli Group, signed a cooperation framework agreement in Beijing. The two parties will strengthen all-round cooperation on the production, supply and marketing of oil products.
Chairman Frank Ning, President Zhang Wei, Vice President Jiang Zhenghong, Assistant President Zhong Ren of Sinochem Group, Mr. Chen Jianhua, Chairman and President of Hengli Group, Mr. Fan Hongwei, Chairman of Hengli Petrochemical Co., Ltd. attended the signing ceremony.
Hengli Group invested in an integration project of refining and chemicals with an annual capacity of 20 million tons in Dalian Changxing Island Petrochemical Industrial Park. The project will be completed in July 2018 and the test run will be commissioned in October 2018.