zhejiang rongsheng holding group factory

Zhejiang Rongsheng Holding Group is an investment holding enterprise established on the basis of Rongsheng Chemical Fiber group in 2006. The group owns over 10 holding subsidiary companies and adopts normative systems of parent company and its subsidiaries.

Zhejiang Rongsheng Holding Group carries out the functions of strategy orienting, resources integration and management supervising. It also provides support for all the subsidiary companies in the fields of finance, information, management, brand and culture. The investment covers the fields of petrochemical industry, chemical fiber, real estate, logistics and trade, which forms a multi-operation pattern.

Li Shuirong (born 1956) is a Chinese billionaire and businessman, the chairman of the Zhejiang Rongsheng Holding Group[zh], which produces petrochemicals.

In 1989, Li Shuirong founded the Yinong Network Chemical Fiber Factory that produced polyester fiber cloth. After the polyester industry shifted upstream, he founded the Zhejiang Rongsheng Holding Group.

The company is headquartered in Xiaoshan District, Hangzhou, close to Hangzhou Xiaoshan International Airport and China Textile City. It is one of the leading enterprises in the Sinopec and chemical fiber industry. The company"s main business includes R&D, production and sales of various chemicals, oil products, and polyester products. The product range is rich and complete in specifications, covering various fields such as new energy, new materials, organic chemicals, synthetic fibers, synthetic resins, synthetic rubber, oil, etc., mainly including olefins and their downstream, aromatic hydrocarbons and their downstream, and oil products. The company"s main products are chemicals, oil and polyester products. The company"s honors include: Zhejiang Famous Brand Products, Outstanding Scientific and Technological Research and Development Enterprises in China"s Knitting Industry, Zhejiang Academician Expert Workstation, Zhejiang Trademark Brand Demonstration Enterprise, etc.

BEIJING/SINGAPORE (Reuters) - China’s privately-run Zhejiang Petrochemical Corp is expected to start partial test operations at some units around end of this year and early 2019, but a full trial operation is only expected in the second quarter of next year, a company executive said.

“The company is planning to start trial runs at the crude unit and also some downstream units around end of the year and early in 2019,” said the Zhejiang-based executive, who declined to be named as he is not authorized to speak to press.

The company, 51 percent owned by Rongsheng Holdings, is building a 400,000 barrels per day refinery which is integrated with a petrochemical complex led by a 1.2 million-tonne per year ethylene facility.

Saudi Aramco is also expected to supply up to 170,000 bpd of crude to Zhejiang Petrochemical and has signed an initial agreement to take a stake in the company.

Two separate industry sources said Rongsheng has bought a million barrels of Brazilian medium-sweet crude Lula for end-January arrival possibly for use in the test operation.

(Reuters) Chinese conglomerate Zhejiang Rongsheng Holding Group plans to double capacity of a joint venture refining project to 800 Mbpd in 2020, two years after the first phase starts up, senior company officials said Thursday.

The project, a venture among private companies led by Rongsheng, is planning to start up the 400 Mbpd first phase in 2018, aiming to meet the group"s requirements for petrochemical feedstocks.