Sinopec Yangzi Petrochemical Co., Ltd. (referred to as Yangzi Petrochemical Company) and Sinopec Group Asset Management Co., Ltd. Yangzi Petrochemical Branch (referred to as Asset Company Yangzi Branch) are collectively referred to as Yangzi Petrochemical, Covering an area of 12.43 square kilometers, it is located in the northern suburbs of Nanjing City, Jiangsu Province.
Its predecessor was the Yangzi Petrochemical Company which was established in September 1983.
In 1998, Yangzi Petrochemical Company implemented asset reorganization and established Yangzi Petrochemical Co., Ltd., which is engaged in petroleum refining and the production and processing of hydrocarbons and derivatives such as ethylene and aromatics.
And Yangzi Petrochemical Company, which focuses on public engineering. limited liability company.
In 2007, Yangzi Petrochemical Co., Ltd. absorbed and merged Yangzi Petrochemical Co., Ltd., and Yangzi Petrochemical Co., Ltd. was restructured into Yangzi Assets Branch.
At the end of 2007, Yangzi Petrochemical Co., Ltd. acquired Huaian Qingjiang Petrochemical Co., Ltd. (Qingjiang Petrochemical) and Taizhou Petrochemical Co., Ltd. (Taizhou Petrochemical).
In 2012, Nanjing Yangzi Petrochemical Co., Ltd. was established (registered and established in Nanjing Chemical Park with the assets of the original plastic factory).
In August 2016, the company acquired the shares of Yangzi Gimpo Rubber Co., Ltd. held by Jiangsu Gimpo Group in full and changed its name to Nanjing Yangzi Petrochemical Rubber Co., Ltd.
As of the end of 2018, Yangzi Petrochemical had a total of 9,339 employees; it has 15 functional departments, 7 business centers, and 8 production units; it operates 4 wholly-owned subsidiaries and 6 joint ventures; total assets are 37.07 billion yuan.
The headquarters of Yangzi Petrochemical Co., Ltd. has 58 large petrochemical plants including 12.5 million tons/year oil refining, 800,000 tons/year ethylene, and 1.4 million tons/year aromatics.
It can produce more than 50 products in 5 categories, including synthetic resin, synthetic fiber raw materials, basic organic chemical raw materials, refined oil, and synthetic rubber.
It is a major domestic producer of pure benzene, p-xylene, o-xylene, purified terephthalic acid (PTA), ethylene glycol, butadiene and ethylene oxide;
Yangzi Assets Branch has a power generation capacity of 360,000 kilowatts supporting petrochemical production, a water supply of 660,000 tons per day and a secondary sewage biochemical treatment capacity of 3,400 cubic meters per hour.