Sinopec Overview
Company Headquarters: Beijing, China
Founded: 2000
Workforce: ~2, 49,142
Company Working: Sinopec, also known as China Petroleum & Chemical Corporation is a petroleum company engaged in upstream, midstream and downstream operations. The company’s petrochemical complex processes crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals, and petroleum products. The company operates through five business segments that include Petroleum Products; Trading of Petrochemical Products; Resins and Plastics; Intermediate Petrochemicals; and Synthetic Fibers. Styrene butadiene styrene product comes under the intermediate petrochemical segments. The company has its presence in China, Hong Kong, Indonesia, Europe, and the UAE.
Strategy
Sinopec strives to expand its production base and distribution network across the globe to strengthen its geographical presence and customer base worldwide. The company invests heavily in R&D activities to develop new technologies and products for diverse applications. Further, the company aims to provide efficient and high-quality products to the end users and focuses on green and low-carbon development strategy by reducing emissions and effectively utilizing natural resources.
