Contract Signing Ceremony at The 4th CIIE of Sinochem Holdings Held

Sinochem Holdings Corporation Ltd. (Sinochem Holdings) on Nov. 5 held a contract signing ceremony at the 4th China International Import Expo (CIIE) currently being held in Shanghai and released the results of it.

This Chinese multinational signed cooperation agreements with 29 partners from 16 countries and regions. Both the number of contracts inked and the business scope of them hit a record high.

Sinochem Holdings purchased high-quality crude oil, natural gas, methanol, chemical raw materials, and digital services from companies in 16 countries and regions, including Saudi Arabia, Kuwait, Jordan, Malaysia, Singapore, Japan, the United States, Chile, Brazil, Russia, Cote d’Ivoire, Germany, Canada, Taiwan and Hong Kong.

Its overseas subsidiaries, including Adisseo and Elkem Silicones from France, Pirelli from Italy, and KraussMaffei from Germany, signed a number of sales and cooperation agreements, displaying industry-leading animal nutritional products, new materials, high-end tires, intelligent equipment, and other innovative products, technologies and solutions to Chinese consumers.

Sinochem Holdings Chairman Frank Ning said at the signing ceremony that the Chinese economy has demonstrated strong resilience and robust endogenous power.

Facing the opportunities of green development on China’s way to carbon peak and carbon neutrality, Sinochem Holdings, as a globally leading chemical conglomerate, further enhanced cooperation with its oversea partners at this year’s CIIE, and focused on the green and low-carbon sector, as well as China’s industrial and consumption upgrading, to further expand cooperation areas, intensify the synergy of industrial chains, and build more diversified partnerships and industrial ecology, Ning noted.

Sinochem Holding’s participation in the 4th CIIE will not only help transform the enterprise into a world-class innovative chemical conglomerate driven by technologies, but also encourage more of its overseas partners to join hands with it, pursue win-win results, and share China’s development opportunities, Ning noted.

Sinochem Holdings has given full play to its advantages in its global reach and operation at this year’s CIIE, the chairman noted.

On one hand, as a way to maintain stable industrial and supply chains, the company has brought in high-quality energy, clean energy, and petrochemical raw materials from all over the world to ensure domestic energy supply and the supply for manufacturing enterprises, he introduced.

On the other hand, Sinochem Holdings pools its overseas resources with Chinese market in advancing all-around cooperation between its overseas subsidiaries and domestic upstream and downstream partners, and advances the green and low-carbon transition of the chemical industry, so as to bring innovative products, technologies and solutions to its Chinese clients and achieve win-win cooperation and shared growth.