Sinochem currently owns more than 300 subsidiaries inside and outside China. Please click here  for details about the listed companies. It’s the first state-owned enterprise specialized in exports and exports. Sinochem Group is one of China’s four largest state oil companies, China’s leading chemical service provider, China’s biggest agricultural inputs (fertilizer, seed and agrochemicals) company and integrated modern agricultural service operator. Sinochem Group also exerts strong influence in city operation and non-banking financial service sector. They’re three different enterprises though their names sound similar. On Nov. 10, 2003, Sinochem changed its name from China National Chemicals Import & Export Corporation to Sinochem Corporation with the approval of the State Assets Administration and Supervision Commission and the State Administration for Industry and Commerce. The agreements were part of the business agenda established during the official visit of President Rousseff to China. As at the end of the Reporting Period, the project is in the final stage of construction, with an overall progress exceeding 90%. Sinopec is Asia’s largest integrated company of petroleum refinery and petrochemicals. In May 2017, Reuters, reported that discussion had begun regarding the merging and consolidation of ChemChina and state-owned Sinochem, overtaking industry leaders such as BASF, in a deal worth around $120 billion. Sinopec produces around 1/4 as much raw crude oil as PetroChina, but produces 60% more refined products per annum. [citation needed], On Jan. 1, 1961, after restructuring of MOFTEC's affiliated administrative units and enterprises, China National Import & Export Co was changed into China National Chemicals Import & Export Corp.[citation needed], On June 12, 1965, MOFTEC decided to standardize the names of foreign trade companies. In June 2009, Sinochem Group established Sinochem Corporation as the vehicle for potential group IPO. Sinochem Corp, a state-owned oil and chemical products trading and logistics major, plans to build a large-scale oil refinery as part of efforts to beef up its upstream manufacturing business. 2、When was SINOCHEM incorporated? The move comes as … Subsidiaries. Sinochem will hold 51 per cent. SINOCHEM GROUP was incorporated on Mar 1, 1950. Photo: CCTV. Three years of efforts to combine China’s giant state-owned chemicals companies Sinochem Group Co. and China National Chemical Corp., or ChemChina, may finally be paying off. It’s the first state-owned enterprise specialized in exports and exports. Sales of Oil & Petrochemical Products. SINOCHEM International (600500, SH) listed at Shanghai Stock Exchange, SINOCHEM Fertilizer (00297, HK), Franshion Properties (00817, HK) and Far East Horizon (03360, HK)  listed at HKEx. The agreements were part of the business agenda established during the official visit of President Rousseff to China. China National Chemicals Import & Export Co., Ltd. China National Chemicals Import & Export Corp. Sinochem's core businesses span over energy, agriculture, chemicals, real estate and financial service. The move was designed to signal Sinochem's transformation to a market-oriented company. China’s CNOOC and Sinopec, parent of Asia’s top refiner Sinopec Corp, also bid for the stake, industry sources previously told Reuters. Chimbusco, equally owned by PetroChina and China COSCO Shipping Corp., is China's leading bunker fuel supplier holding nearly 50% of the market share. Learn how to say Sinopec with EmmaSaying free pronunciation tutorials.http://www.emmasaying.com The SINOCHEM and “中化” brands are highly prestigious in China and the rest of the world. The SINOCHEM and “中化” brands are highly prestigious in China and the rest of the world. [citation needed], On Jan. 8, 1951, the preparation team for China National Import & Export Co was set up. China's two centrally-administered, State-owned chemical manufacturers-Sinochem and ChemChina-are being restructured and merged to form a behemoth. They’re three different enterprises though their names sound similar. The company processed 170 million ton of crude and manufactured more than 20 million ton of petrochemical products including synthetic resins, rubber and fibers in 2008. It operates more than 300 subsidiaries around the world. China's five oil product quota holders -- Sinopec, PetroChina, CNOOC, Sinochem, Zhejiang Petroleum & Chemical and Norinco -- are likely to export 2.29 million mt of gasoil in March, rising from about 2 million mt in February and would be an 11-month-high since hitting 2.57 million mt in April 2020, information collected by S&P Global Platts showed. Mr. Jiang had served in Sinopec Group for more than 30 years. That period included his stint as a senior vice-president of China Petroleum & Chemical Corp (Sinopec). Add: 11/F,Central Tower, Chemsunny World Trade Center, 28 Fuxingmennei Street, Beijing 100031, China, Tel: 0086-10-59568888    Fax:0086-10-59568890. Mr. Jiang was appointed as Deputy General Manager and Member of CPC Committee of Sinochem Group in August 2017. In 2005, Sinochem and Sinopec signed strategic agreement agreeing to enhance two companie's strategic partnership. 3、What main business sectors is SINOCHEM engaged in? Sinochem's headquarter is located in Xicheng District, Beijing. Download this stock image: --FILE--Cai Xiyou, President of Sinochem Group and Senior Vice President at Sinopec Corp., attends a conference for Sinopec Engineering (Group) Co., L - W8KXC9 from Alamy's library of millions of high resolution stock photos, illustrations and vectors. It is listed in Hong Kong and also trades in Shanghai and New York. 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. After the joint reorganization, the new company will better integrate resources, give full play to synergy, build a world-class comprehensive chemical enterprise, and promote the high-quality development of China’s chemical industry. Please click “Annual Report”to find attachment of DIRECTORY OF OVERSEAS INSTITUTIONS. Download this stock image: --FILE--Cai Xiyou, President of Sinochem Group and Senior Vice President at Sinopec Corp., attends a conference for Sinopec Engineering (Group) Co., L - W7MRHR from Alamy's library of millions of high resolution stock photos, illustrations and vectors. SINOCHEM GROUP was incorporated on Mar 1, 1950. Following the integration of relevant businesses, Sinochem will focus on fine chemicals, such as the development of new chemical materials and chemical intermediates, while Syngenta Group will focus even more on its core business in seeds and agriculture. He was appointed to lead Sinochem in 2014. In Beijing, this Friday, April 15, Petrobras CEO José Sergio Gabrielli de Azevedo, and E&P … He served as assistant president of Shanghai Gaoqiao Petrochemical Company , and served in several positions with Sinopec Shanghai Gaoqiao Petroleum and Chemical Limited, including vice president and president. 1、Do SINOCHEM, SINOPEC and CHEMCHINA refer to the same enterprise? The predecessor of Sinochem China National Import Corporation was formally established. The updated list also included China Three Gorges Corporation Limited CYTGP.UL, Sinochem Group Co Ltd SASADA.UL and China Spacesat 600118.SS. Sinochem merger. China National Agrochemical Corporation (100%) Sanonda Holdings (100%) Sanonda (expected 70%) Under the export quota, Sinopec was awarded 4.29 million mt, PetroChina and Sinochem were allocated 2.95 million mt and 900,000 mt, respectively, while the remaining 860,000 mt went to CNOOC. [6][7][8] In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included Sinochem.[9][10]. China National Offshore Oil Corporation-Wikipedia. Address: 22 Chaoyangmen North Street, Chaoyang District, Beijing, China Postcode: 100728 SINOCHEM GROUP was incorporated on Mar 1, 1950. 2、When was SINOCHEM incorporated? Petrobras signed agreements with Chinese companies Sinopec (China Petrochemical Corporation) and Sinochem (Sinochem Corporation). BEIJING/SINGAPORE: China Sinochem Group 's Quanzhou 32.5 billion yuan ($4.64 billion) petrochemical expansion project is aiming to start trial operations in late August, the company said, later than the May-June time-scale previously expected. Please click “Products&Services” and find the methods to contact relevant companies in different business categories. It is the third-largest national oil company in the People's Republic of China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec). Sinochem Group is one of China’s … A former senior vice president at top Asian oil refinery Sinopec Corp has officially taken office as the new head of state-run Sinochem Group, officials at the two companies said on Tuesday. 8、How to contact SINOCHEM for business cooperation? Learn how and when to remove this template message, State-owned Assets Supervision and Administration Commission of the State Council, State Administration for Industry and Commerce, "06QUITO2138, A Thousand Chariots in the Fields: Chinese Players", "Sinochem to buy UK-based Emerald Energy", http://www.thechinaperspective.com/articles/chinacorporaten-8911/, "Trump administration says Sinochem and others backed by Chinese military", "DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY19 NDAA", "Qualifying Entities Prepared in Response to Section 1237 of the National Defense Authorization Act for Fiscal Year 1999 (PUBLIC LAW 105–261)", "Trump bans Americans from investing in 31 companies with links to Chinese military", "Trump bans U.S. investments in firms linked to Chinese military", China Huanqiu Contracting & Engineering Corporation, China Petroleum Engineering and Construction Corporation, https://en.wikipedia.org/w/index.php?title=Sinochem&oldid=1017247611, Manufacturing companies established in 1950, Articles needing additional references from October 2016, All articles needing additional references, Articles containing simplified Chinese-language text, Articles with unsourced statements from August 2016, Articles needing additional references from April 2021, Articles with unsourced statements from April 2021, Articles with unsourced statements from September 2015, Creative Commons Attribution-ShareAlike License, This page was last edited on 11 April 2021, at 18:09. 3、What main business sectors is SINOCHEM engaged in? In April 2004, the Ministry of Commerce authorized CNOOC-SINOPEC United International Trading to import crude oil; CNPC, Sinopec, Sinochem and Zhuhai Zhenrong had been the only companies importing crude. Sinochem International recently announced that it would acquire 39.88 % of the shares in Jiangsu Yangnong Chemical Group from Syngenta. China's top four state-owned refiners -- Sinopec, PetroChina, CNOOC and Sinochem -- plan to boost their combined low sulfur fuel oil production capacity to 18.15 million mt/year in 2020, Platts reported previously, quoting company sources with knowledge of the matter. Sinochem Corp . Sinochem Group’s former general manager, Cai Xiyou, has been sentenced to 12 years in jail for bribery. It’s the first state-owned enterprise specialized in exports and exports. They’re three different enterprises though their names sound similar. Sinopec is Asia’s largest integrated company of petroleum refinery and petrochemicals. said that its board chairman Liu Shude and Petrobras's CEO Jose Sergio Gabrielli attended the ceremony for signing the Strategic Cooperation Memorandum of Understanding (MOU) . 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. Cai, a 30-year oil industry veteran, was named to lead Sinochem in 2014, after a long career at China Petroleum and Chemical Corp (Sinopec) … It operates through more than 100 subsidiaries in China and abroad in concerns ranging from petroleum trading to real estate. Sinochem posted an annual operation revenue of 591.1 billion yuan with total assets of 489.7 billion yuan by the end of 2018, according to its website. Click here to see the rankings of SINOCHEM in Fortune magazine in the past years. The joint venture will well connect the advantages of both Sinochem (Marketing and Distribution) and Sinopec (oil product resources). China National Offshore Oil Corporation-Wikipedia Please use IE7.0(1024*768) to have better views. Cai Xiyou, Sinopec's vice president in charge of oil trading and sales, replaces 61-year-old Liu Deshu, president of Sinochem Group since 1998. The two parties will strengthen all-round cooperation on the production, supply and marketing of oil products. 3、What main business sectors is SINOCHEM engaged in? SINOPEC SABIC Polycarbonate Project: please refer to the announcement dated 11 June 2018 published by the Company for further details. 4、How about the business performance of SINOCHEM? Sinochem Group ---Sinochem Group Member Companies--- Sinochem Energy Sinofert Holding Shenyang Research Institute of Chemical Industry Sinochem International China Seed Sinochem Lantian Sinochem Hebei China Jinmao China Foreign Economy & Trade Trust Far East Horizon [4], In November 2011, the company announced that it expected to raise ¥35 billion in its IPO, making it the largest IPO of the year in China and the sixth largest in the country's history. Petrobras CEO, José Sergio Gabrielli de Azevedo and Exploration & Production Director, Guilherme Estrella signed two important agreements in Beijing this Friday (15th) with Chinese firms Sinopec (China Petrochemical Corporation) and Sinochem (Sinochem Corporation). Asset Management Corporation is a wholly-owned subsidiary of Sinopec. In April 2004, the Ministry of Commerce authorized CNOOC-SINOPEC United International Trading to import crude oil; CNPC, Sinopec, Sinochem and Zhuhai Zhenrong had been the only companies importing crude. It controls several listed companies including Sinochem International (SZSE: 600500), Sinofert (SEHK: 297) and Franshion Properties (SEHK: 817), and is the largest shareholder of Far East Horizon (SEHK: 3360). * Sinochem to pay $500 mln ... Deals involving Chinese companies in North America include Sinopec Corp’s $2.2 billion investment in five fields being developed by … The refinery is capable of processing 200,000 barrels per day (bpd) of crude oil and the petrochemical plant will produce 800,000 tonnes per year of ethylene. The staff of the company came from China National Import Corp and its subsidiaries in North China. Its predecessor was China National Chemicals Import and Export Corporation, which was China's largest trading firm. Sinochem Group is China's earliest[citation needed] entrant in Fortune Global 500 and has entered the list for 25 times, ranking 139th in 2016.[3]. Petrobras CEO, José Sergio Gabrielli de Azevedo and Exploration & Production Director, Guilherme Estrella signed two important agreements in Beijing this Friday (15th) with Chinese firms Sinopec (China Petrochemical Corporation) and Sinochem (Sinochem Corporation). Sinochem Group has established five Strategic Business Units (SBU), namely Energy, Chemicals, Agriculture, Real Estate and Finance. Sinochem deals primarily in petrochemicals distribution, but also in synthetic rubber, plastics, and agrochemicals. Sinochem Corp. won the bidding for a $3.07 billion stake in a Statoil offshore oilfield in Brazil, Statoil said on Friday, marking China's second major oil and gas deal in Latin America since March. ... (Sinopec). [citation needed], On March 10, 1950, in an aim to unify domestic trade, fulfill the set target of the import & export volume, lead the domestic market, strike a balance between supply and demand, and boost the recovery and development of domestic production, the central government made a decision to set up a national level foreign trade company under the leadership of the Trade Ministry. A Sinochem executive is taking over the China operations of Syngenta, the Swiss subsidiary of rival agribusiness giant ChemChina, even though the two Chinese conglomerates insist they have not merged. 6、 What overseas branches does SINOCHEM have? Founded in 1950, it is China's largest trading company and its first multinational conglomerate. Click “Join Us” to check the latest employment information of SINOCHEM and you can send resume to SINOCHEM online. On July 16, China National Import & Export Co was changed into China National Import & Export Corp.[citation needed]. A former senior vice president at top Asian oil refinery Sinopec Corp has officially taken office as the new head of state-run Sinochem Group, officials at the two companies said on Tuesday. When it was put into operation on March 1, the main task of the company was to tear down the blockade and trade embargo imposed by the West, and conduct trade with capitalist countries. Sinochem Group is the key state-owned enterprise under the supervision of State-owned Assets Supervision and Administration Commission of the State Council (SASAC). According to the agreement, Sinopec and Total will invest 900 million yuan (US$108.8 million) in the joint venture. 1、Do SINOCHEM, SINOPEC and CHEMCHINA refer to the same enterprise? Petrobras signs agreements with Sinopec and Sinochem. Its majority owned fertilizer subsidiary Sinofert is involved throughout the chain from production of the product and procurement on international markets to distribution and retail. Sinochem will hold 51 per cent. China’s Sinopec Corp is expected to start commercial operations at its oil refining and petrochemical complex in Zhanjiang at the end of July, a company spokesperson said on Thursday. Sinochem Group was founded in 1950. Sinochem Group and SINOCHEM are integrated into the new company. Sinochem Group 12-06 Lately, China Petroleum and Chemical Association, China Light Industry Association, The Municipal Government of Yuyao, Petrochina, Sinopec and Sinochem jointly raise the 7th China Plastic Exhibition. In December 2006, Sinopec acquired the assets of Shengli Petroleum, whose main asset was a maturing domestic oil field, in order to stabilize its crude inputs and raise the utilization rate of its existing refineries. Learn how to say Sinopec with EmmaSaying free pronunciation tutorials.http://www.emmasaying.com 7、 How many listed companies does SINOCHEM have at present? [citation needed], In August 2020, the United States Department of Defense named Sinochem as one of several companies backed by the People's Liberation Army. Formerly owned directly by the Chinese government, Sinochem converted to a joint-stock company in 2009; initially it is owned by newly formed Sinochem Group (98%) and publicly traded Chinese shipping giant COSCO (2%). On Feb. 13, entrusted by the Trade Ministry, China National Import & Export Co took on the responsibility to oversee the import & export business of some Hong Kong institutions. Please click “Organization Structure” to see the structure of Sinochem Group. China's five oil product quota holders -- Sinopec, PetroChina, CNOOC, Sinochem, Zhejiang Petroleum & Chemical and Norinco -- are likely to export 2.29 million mt of gasoil in March, rising from about 2 million mt in February and would be an 11-month-high since hitting 2.57 million mt in April 2020, information collected by S&P Global Platts showed. [5] Funds from the IPO would be put towards the development of an oil refinery in Quanzhou, a port city in Fujian province. It is one of Chinese four state oil companies, China's biggest agricultural input company (fertilizer, seed and agrochemicals), China's leading chemical service company. The agreements were part of the schedule for the state visit to China by Brazilian President, Dilma Rousseff. Petrobras signed a Cai Xiyou, Sinopec's vice president in charge of oil trading and sales, replaces 61-year-old Liu Deshu, president of Sinochem Group since 1998. Sinochem Corporation (Chinese: 中国中化集团公司) is a Chinese state-owned multinational conglomerate primarily engaged in the production and trading of chemicals and fertilizer and exploration and production of oil for civilian and military purposes. Mr. Jiang was appointed as Deputy General Manager and Member of CPC Committee of Sinochem Group in August 2017. Sinochem and Sinopec respectively hold 50% stake of the joint venture. He was appointed to lead Sinochem in 2014. The company processed 170 million ton of crude and manufactured more than 20 million ton of petrochemical products including synthetic resins, rubber and fibers in 2008. Petrobras signed agreements with Chinese companies Sinopec (China Petrochemical Corporation) and Sinochem (Sinochem Corporation). [2] Its majority owned fertilizer subsidiary Sinofert is involved throughout the chain from production of the product and procurement on international markets to distribution and retail. In April 2004, the Ministry of Commerce authorized CNOOC-SINOPEC United International Trading to import crude oil; CNPC, Sinopec, Sinochem and Zhuhai Zhenrong had been the only companies importing crude. China Petroleum & Chemical Corporation (中国石油化工股份有限公司), or Sinopec (simplified Chinese: 中国石化; traditional Chinese: 中國石化; pinyin: Zhōngguó Shíhuà), is a Chinese oil and gas enterprise based in Beijing. 1、Do SINOCHEM, SINOPEC and CHEMCHINA refer to the same enterprise? Chinese firms Sinochem Corporation and China Petrochemical Corporation (Sinopec Group) signed agreements respectively with Brazil's state-controlled oil and gas giant Petrobras. Sinochem Corporation (Chinese: 中国中化集团公司) is a Chinese state-owned multinational conglomerate primarily engaged in the production and trading of chemicals and fertilizer and exploration and production of oil for civilian and military purposes. (2020-05-11) Sinopec Puts China’s Largest Petroch.. more Sinopec Corp China Petroleum & Chemical Corporation is a vertically integrated energy & chemical company that is … In August 2009, Sinochem bought the United Kingdom-based oil company Emerald Energy. 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