[Basic Information]
Headquartered in Beijing, China, Sinochem Group Co., Ltd. (Sinochem Group for short) was founded in 1950. Its predecessor was China National Chemicals Import and Export Corporation. Sinochem Group is a key state-owned enterprise under the supervision of State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC).
Sinochem Group is a leading integrated operator in oil and chemical industry, providing agricultural inputs (seeds, agrochemicals and fertilizers) and modern agricultural services, and exerting strong influence in city operation and non-banking financial service sector. As a market-oriented global conglomerate, Sinochem Group's quality products and services are relevant to many aspects of the mass economy and people’s well-being. The SINOCHEM and “中化” brands are highly prestigious in China and the rest of the world.
Sinochem Group has established five Strategic Business Units (SBU), namely Energy, Chemicals, Agriculture, Real Estate and Finance. It operates more than 300 subsidiaries around the world. It holds a controlling stake in a number of listed companies, including Sinochem International (SH, 600500), Sinofert (HK, 00297) and China Jinmao (HK, 00817). Sinochem Group has almost 60,000 staff members around the world.
Sinochem Group is among the earliest Chinese enterprises on the Fortune Global 500 list and has 29 appearances in total, ranking 88th in 2019 and having been honored as Fortune's World's Most Admired Companies for two consecutive years. Continuous efforts over the years in strategic transformation and management overhaul have enabled Sinochem Group to maintain a sustainable, healthy and rapid development. Sinochem Group has been rated A in corporate performance by SASAC for 14 years.
Looking into the future, Sinochem Group will uphold the value of "In Science We Trust" and strive to build a technology-driven innovator and a world-class comprehensive chemical company, promoting our technological innovation ability, core competitiveness and sustainability. We aim to create maximum value for clients, shareholders and employees, contributing our bit to the development of chemical industry and social progress.
[Business]
As a state-owned energy company in China, Sinochem Group has laid down a solid foundation in petroleum sector with unswerving efforts during the past seven decades. By fully leveraging advantages in resources, channels and operation both home and abroad, we stood out as a back bone supplier of oil and gas resource to underpin the social and economic development of the nation, participated in the establishment of the national strategic petroleum reserve system, and studied in the national energy development planning program. It is playing an increasingly important role in both markets at home and abroad.
Over the last two decades, Sinochem Group has not only consolidated its traditional advantages in international oil trade, storage and logistics areas, but speeded up its business extension along both ends of the industrial chain, ensuring the sustainable growth of its business. At present, Sinochem Group’s energy business consists of the following professional sectors: exploration and production, oil trade, oil refining, storage and logistics, oil products marketing, petrochemicals marketing and industrial park development. Sinochem Group has evolved into a key energy enterprise in China featuring internationalization, complete industrial chain, and prominent marketing capabilities. Its industrial strength and sustainability has been growing continuously.
Currently, while Sinochem Group is speeding up the integration of refining and chemicals business, we are actively pushing forward energy network by applying internet technology in innovating business models and shaping leading petroleum and petrochemical business operator and service provider that is driven by technology and fueled by innovation.
Editor:Cherie
