Fujian Integrated Refining and Ethylene Joint Venture Project brings together a unique mix of the internationally advanced technologies and managerial expertise, reliable crude supply and proximity to China's southeastern coast market. The project will lead to a world-class integrated refining and petrochemicals base in Quangang District, Quanzhou, Fujian Province. It will also boost the development of China's petrochemical industry while contributing to the prosperity on the west coast of the Strait and the sustained rapid and healthy development of the Chinese economy.
Beijing based China Petroleum & Chemical Corporation (Sinopec Corp) is a publicly listed company with integrated upstream and downstream operations, prominent core businesses and a complete marketing network.
The Company was set up on February 28, 2000 by Sinopec Group as the sole sponsor, pursuant to the Company Law of the People's Republic of China and in line with the principle of "separation of core business from non-core business, performing assets from non-performing assets, and enterprise functions from the social", through the restructuring of its business portfolio, assets, debts and creditor's rights, organization and personnel.
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