Sinochem Group Co Ltd - Company Profile
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Business Description
Sinochem Group Co Ltd (Sinochem), a subsidiary of Sinochem Holdings Corp Ltd, is a diversified business group. It is a business operator and integrated service provider in the petroleum and petrochemical industry. The company focuses on the wholesale and retail of refined oil and petrochemical products, and it is one of the leading oil products sales companies in China. Sinochem has established a marketing network in 17 provinces, including autonomous regions and municipalities, with 602 self-operated and cooperatively-operated stations and 766 franchised stations. The company also engages in the import, export, and re-export of crude oil and refined oil products, and it has established cooperative relationships with major national and international oil companies. Additionally, Sinochem operates in the refining and petrochemicals sector, with a significant base in Fujian Province, and provides storage and logistics services with six large storage facilities across China.
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R&D Overview
Sinochem has undertaken several R&D initiatives to transform into an innovative platform company driven by science and technology. The company focuses on research and development priorities in sectors like new chemical materials, new energy, biology, and environmental protection to enhance core capabilities in technological innovation. It has established a multilayer technical innovation system and a two-stage technological management system, drawn up a science and technology development plan, and implemented a sci-tech investment plan and incentive scheme to enhance management for technology talent. The company has also been involved in technical innovation strategic alliances covering major business fields such as crop seed industry, pesticide, dye, kalium resource utilization, corn, and fluorine chemical industry. Sinochem holds 1124 invention patents, 244 patents in Japan, US and Europe Union; one in Chinese Patent Golden Award and 14 China Excellent Patent Award. Sinochem has formulated two international standards of FAO, 422 effective national standards and 558 industry standards.
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