Founded in April 1993, Sinochem Industry Co., Ltd. is a branch of Sinochem Group specializing in investment and operation of industrial projects on the middle and lower reaches of the petroleum industrial chain. The company is mainly engaged in the development, operation and management of petroleum refining, storage and service stations as well as construction and management of relevant national petroleum reserve bases.
With a petrochemical storage capacity of 13 million cubic meters, the company has developed petrochemical storage logistics networks covering the Yangtze River Delta, Pearl River Delta, Bohai rim areas and areas along rivers (mainly distributed in Shanghai, Zhoushan, Nantong, Yangzhou, Zhuhai, Tianjin, etc.), and established a supporting terminal system with diversified scales and ranging from 3,000 tons to 300,000 tons, which make its commercial petrochemical storage size rank among the largest and the company hold a leading position in the domestic third-party petrochemical storage logistics market.
The company has over 200 petroleum service stations mainly distributed in North, East, South and Central China, and saw continuous progress in the brand recognition and market influence. Moreover, the company serves the largest shareholder of WEPEC, takes charge of Sinochem Hongrun Petrochemical Co., Ltd., held by Sinochem Group and with a crude oil processing capability of 5 million t/a, and has ongoing projects of the heavy liquid pipelines between Huangdao and Weifang and a large crude oil storage tank zone. The company enjoys good management and assessment systems, project management systems, risk management systems and safety management systems.