Petrochemical Business in Zhejiang Free Trade Zone

Yanchang Petroleum (Zhejiang Free Trade Zone) Co Ltd (“Yanchang Zhejiang”) was established in the Zhejiang Free Trade Zone in Zhoushan in 2018. It mainly operates two businesses.

Trading Business: Import business, including crude oil, fuel oil, raffinate, and asphalt mixture.

Refinery Business: Possesses stable crude oil processing capability year-round, with a maximum production capacity of 2.4 Mt. The main products are asphalt, diesel oil, natural gas, and wax oil etc.