rongsheng petrochemical company limited factory

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Rongsheng Petro Chemical Co, Ltd. specialises in the production and marketing of petrochemical and chemical fibres. Products include PTA yarns, fully drawn polyester yarns (FDY), pre-oriented polyester yarns (POY), polyester textured drawn yarns (DTY), polyester filaments and polyethylene terephthalate (PET) slivers.

RONGSHENG PETRO CHEMICAL CO., LTD. is located in Yinong Town, Xiaoshan District, Hangzhou near Xiaoshan Airport and China Light Textile City. Its predecessor is Rongsheng Chemical Fiber Co.,Ltd., established in 1995. It topped the list of fiber enterprises in China, is one of China’s top 500 enterprises and Zhejiang’s top 100 enterprises. In Septem, 2007, it was approved to be restructured into a stock limited.

Rongsheng Petrochemical Co., Ltd. is a China-based company principally engaged in the research, development, manufacturing and distribution of refining products, petrochemicals and chemical fibers. Rongsheng has an annual production capability of 2 million tons of aromatic hydrocarbon, over 13 million tons of pure terephthalic acid (PTA), 2 million tons of PET, 1 million tons of POY and FDY, 0.45 millon tons of DTY. Rongsheng‘s total capability of PTA ranks the first of the world. Rongsheng persists in “Two-way of Vertical and Horizontal” development strategy and recently developed a green refining-petrochemical integrated project with a total capacity of 40 million tons per annum, via its subsidiary Zhejiang Petroleum and Chemicals Co., Ltd. (ZPC).

Shanghai Petrochemical (Chinese: 上海石化), full name Sinopec Shanghai Petrochemical Company Limited (Chinese: 中国石化上海石油化工股份有限公司; pinyin: Zhōngguóshíhuà Shànghǎi Shíyóu Huàgōng Gǔfènyǒuxiàngōngsī), the subsidiary company of Sinopec, is one of the largest petrochemical enterprises in Mainland China.production of ethylene, fiber, resin and plastics. The company is registered in Shanghai.

There have been hopes that Sinopec, Shanghai Petrochemical"s parent company, will process share reform and privatize Yizeng Chemical Fibre and Sinopec Shanghai Petrochemical, but the plan does not finalize until this moment.

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Financial Associated Press, December 29 - Rongsheng Petrochemical announced that Zhejiang Petrochemical Co., Ltd. had an annual output of 300000 tons of EVA plant put into operation.

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"The company targets to commence the phase II project this year, and run both the two phases at above 100% of their capacity, which will lift crude demand in 2021," the source said.

With the entire phase 2 project online, ZPC expects to lift its combined petrochemicals product yield to 71% from 65% for the phase 1 refinery, according to the source.

"Petrochemical contributes most of the companies" profit with healthy demand growth while the stakeholders have feedstock demand for their textile plants too," the source said.

Zhejiang Petroleum, a joint venture between ZPC"s parent company Rongsheng Petrochemical and Zhejiang Energy Group, planned to build 700 gas stations in Zhejiang province by end-2022 as domestic retail outlets of ZPC.

The complex exported about 300,000 mt/month of gasoline and gasoil in 2021, the source said, adding that the company also looked for opportunities to export jet fuel.

Established in 2015, ZPC is a JV between textile companies Rongsheng Petrochemical, which owns 51%, Tongkun Group, at 20%, as well as chemicals company Juhua Group, also 20%. The rest 9% stake was reported to have transferred to Saudi Aramco from the Zhejiang provincial government. But there has been no update since the agreement was signed in October 2018.