Sinopec Yangzi Petrochemical Company Limited (hereinafter referred to as Yangzi Petrochemical Company Limited) and Sinopec Assets Management Corporation Yangzi Petrochemical Branch (hereinafter referred to as Yangzi Petrochemical Branch) develop from the former Yangzi Petrochemical Corporation which was founded in September 1983 in the north of Nanjing City, an economically developed area in the middle and lower reaches of Yangtze River, and mainly engaged in petroleum refining and production, procession, and sale of hydrocarbon derivatives. In 1998, through assets reorganization of the company, Sinopec Yangzi Petrochemical Joint Stock Company centering on petrochemical engineering and Sinopec Yangzi Petrochemical LLC centering on public works were founded. Sinopec Yangzi Petrochemical Joint Stock Company delisted in 2006 and was absorbed and consolidated by Sinopec Yangzi Petrochemical Company Limited in October 2007 while Sinopec Yangzi Petrochemical LLC was converted into Sinopec Assets Management Corporation Yangzi Petrochemical Branch. At the end of 2007, Yangzi Petrochemical Company Limited successfully acquired Taizhou Petrochemical and Qingjiang Petrochemical, thus further expanding the industry chain.
After over 20 years’ continuous efficient and healthy development, the overall production capacity of Yangzi Petrochemical Company Limited improves over two times. At present, Yangzi Petrochemical Company Limited over 60 sets of petrochemical units for 9000kt/yr of crude oil, 650kt/yr of ethylene, 1400kt/yr of aromatic hydrocarbon, 1050kt/yr of PTA, 870kt/yr of plastics, 300kt/yr of glycol, 210kt/yr of butadiene etc. Being able to produce over 60 kinds of polyolefin plastic, polyester raw material, basic organic chemical raw material, oil product, and synthetic rubber for over 9 million tons, the company becomes one of China’s largest suppliers of pure benzene, xylene, o-xylene, PTA, glycol, butadiene and ethylene oxide. Yangzi Petrochemical Branch has a power plant with the installed capacity of 360000kw, the water supply of 660000 tons a day, sewage treatment of 3950 m3/h and other public utilities supporting facilities. To deal with market competition in the process of globalization, Yangzi Petrochemical persists in cooperating with and establishing joint ventures with foreign companies. With a total investment of 6.3 billion Yuan, Yangzi Petrochemical Company Limited has founded 7 joint ventures and has become China’s most important petrochemical production base.