Sinopec Shanghai Petrochemical Company Limited

Chinese oil refiner and petrochemical maker based in Shanghai

What Sinopec Shanghai Petrochemical does

Sinopec Shanghai Petrochemical turns crude oil into fuels such as gasoline, diesel and jet fuel, and into basic chemicals and plastics. It also makes synthetic fibers like polyester and acrylic, and trades petrochemical products. It sells mainly in China and is a subsidiary of the state-backed oil giant Sinopec.

How Sinopec Shanghai Petrochemical makes money

It earns revenue by refining crude oil and selling the resulting fuels, chemicals, resins and synthetic fibers. It also earns trading income from buying and reselling petrochemical products, and its profits depend on the spread between crude oil costs and product prices.

Products & services

• Gasoline, diesel and jet fuel
• Ethylene and p-xylene
• Polyethylene and polypropylene resins
• Ethylene glycol
• Polyester and acrylic fibers
• Asphalt and petroleum coke