Sinopec Established Subsidiary Company in TEDA

Recently, Tianjin Xingpu Fine Chemical Technology Development Co., Ltd., a third-level subsidiary of China Petroleum & Chemical Corporation, was registered and established in TEDA. Tianjin Xingpu will leverage the pilot production area of Sinopec Research Institute of Petrochemical Processing (RIPP) Tianjin Scientific Experiment Base to finish a closed-loop for technology transformation via the Nangang research and pilot-scale experiment platform. It will focus on the research, production and sales of high-tech products such as special lubricating oils and high-end chemicals. Scheduled to be completed and put into operation in October this year, the project is expected to have an annual output value of over 200 million yuan after full-capacity production. 

Beijing Xingpu Fine Chemical Technology Development Co., Ltd. is a wholly-owned subsidiary of Sinopec managed by RIPP. It is entitled as a national-level Little Giant company engaging in specialized, high-end and innovation-driven production activities. The company specializes in the research and production of special lubricating greases, lubricant additives and petrochemical products, with its business covering multiple fields of the high-end manufacturing industry.