On October 25, Li Bo, general manager of Sinochem Petrochemical Distribution Co., Ltd. (hereinafter referred to as “Sinochem Petrochemical Distribution”), Wang Xiaoling, deputy general manager of Sinochem Petrochemical Distribution, Qian Lixin, general manager of Sinochem Quanzhou Petrochemical Co., Ltd.(hereinafter referred to as “Sinochem Quanzhou”), Liu Jian, general manager of Sinochem Quanzhou Energy Technology Co., Ltd., together with Zhang Xun, head of the Polymer Division, Jin Rongbi, head of the Chemical Strategy Department, Quan Xuankui, head of the MFC Project Department of GS Caltex Plastics Co.,Ltd.(hereinafter referred to as “GS Caltex”), held the strategic cooperation discussions at the plant area of Sinochem Quanzhou. At the meeting, the parties had in-depth exchanges on cooperation regarding the refining chemical production, technology development, and market sales channels.
First of all, staff from Sinochem welcomed the visitors from GS Caltex and briefly introduced the existing production capacity and mid-andlong-term plans of ethylene and arene project of Sinochem Quanzhou. Meanwhile, they explained the current sales network and terminal channel building of Sinochem Petrochemical Distribution.
GS Caltex mainly introduced its refining and chemical production capacity and its business presence in China. Sinochem and GS Caltex share a similar industrial layout and development idea. Therefore, they embraced innate cooperation opportunities. The establishment of a strategic partnership will be a win-win move for the mutual development of both parties.
As refining and chemical enterprises tend to be large-scale and integrated, Sinochem Quanzhou and GS Caltex actively explored the extension towards the downstream industrial chain based on traditional oil refining. By establishing the exchange platform for refining and chemical technologies, they made technology communication and coordination a norm and produced high-end and differentiated refinery plants' products, thereby enhancing the added value of products. This pointed out the main direction for the refining-chemical production capacity cooperation of both parties in the future.
As a professional petrochemical sales company, Sinochem Petrochemical Distribution, established on the needs of terminal users, is dedicated to solving the problem of the last mile of production of downstream users of the products of refinery plant; currently, centering on this idea, Sinochem Petrochemical Distribution has established a technology innovation team. GS Caltex possessed certain technical reserve and production experience in PP modification, and there are numerous opportunities for cooperation between the two parties. Additionally, at the meeting, an in-depth discussion was held on the feasibility of building a partition factory in Quanhui Petrochemical Park and practical cooperation in HDPE pipeline black materials.
In terms of petrochemical sales, Sinochem Petrochemical Distribution enjoyed more expansive cooperation space with GS Caltex. Once the HDPE devices of GS Caltex are put into production, Sinochem Petrochemical Distribution can help GS Caltex quickly open up the Chinese market through the existing terminal sale channels; moreover, GS Caltex has the same HDPE device technology with the phase II ethylene project of Sinochem Quanzhou. By virtue of the goods supply of GS Caltex, Sinochem Petrochemical Distribution will further consolidate the existing HDPE sale channels. After the ethylene project of Sinochem Quanzhou is put into production, Sinochem will have broad cooperation space with GS Caltex in terms of production mark selection, regional sales coordination, and an excellent cooperative effect.
This discussion is an attempt beneficial to Sinochem Petrochemical Distribution under Sinochem Energy, Sinochem Quanzhou, and foreign petrochemical enterprises. Meanwhile, it ushered in new cooperation prospects for refining-chemical production, technology development, and market expansion and laid a solid foundation for future long-term strategic cooperation. In the future, Sinochem Quanzhou and Sinochem Petrochemical Distribution will work with GS Caltex to enhance the high-quality refining-chemical production capacity, give play to their strong R&D strength, and expand diversified sale platforms. By taking advantage of their respective advantages, the parties will expand and improve their upstream and downstream chain, integrate petrochemical product resources and contribute to the accelerated development of petrochemical industry.
