Innovation highlighted for petrochemicals sector chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
While the country's goals of achieving carbon neutrality by 2060 will exert pressure on the country's refinery sector, energy transition efforts will also broaden opportunities for those who capture growing demand for petrochemicals and are willing to adjust and modify their production modes, analysts said.
Sinochem Holdings Corp, a new, centrally administered State-owned enterprise, will accelerate growth in modern agriculture, seed and chemical businesses through creating a source of original technology, its executives said. That will further ensure the safety of China s industrial and supply chains in those fields, they said.
The executives commented after the State Council, China s cabinet, unveiled the company s new name following the merger of Sinochem Group Co and China National Chemical Corp, also known as ChemChina, two State-owned chemical giants, in Beijing on Saturday.
Sinochem Holdings has more than 220,000 employees, including over 90,000 in overseas markets. It operates in eight business sectors covering life, environmental and materials sciences, basic chemicals, rubber and tires, machinery and equipment, municipal operations and industrial finance.
Sinochem, ChemChina set to merge for edge ecns.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecns.cn Daily Mail and Mail on Sunday newspapers.