Eastern China-based independent refiner Hongrun Petrochemical has agreed to acquire a bankrupt oil refinery operated by state ...

Eastern China-based independent refiner Hongrun Petrochemical has agreed to acquire a bankrupt oil refinery operated by state-run Sinochem Group in Shandong province.

Employees check equipment at a petrochemical plant in Lianyungang, Jiangsu province.[SI WEI/FOR CHINA DAILY] China's petrochemical industry is expecting to bolster profits this year, marking a key ...

Chinese refiners should reduce fuel production in favor of more petrochemicals ... as quoted by Bloomberg. China’s demand for fuels has been undermined by the surge in EV sales in recent ...

Once China's stimulus plan increases the country's domestic demand, petrochemical firms are likely to find buyers, overcoming the glut in the industry. Read More Gov’t rejects petrochemical ...

As US President Donald Trump ratcheted up economic pressure on China over the past week, Beijing sent back its own message: Its rise won’t be interrupted. A major political meeting taking place ...