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    Home > Coatings News > Paints and Coatings Market > These two chemical groups have made big moves again!

    These two chemical groups have made big moves again!

    • Last Update: 2021-03-28
    • Source: Internet
    • Author: User
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    Recently, the Shandong Provincial Government, Sinochem and China National Chemical Corporation signed a strategic cooperation agreement in Jinan.
    Deputy Secretary of the Provincial Party Committee and Governor Gong Zheng, Secretary of the Party Leadership Group and Chairman of Sinochem Corporation, Secretary of the Party Committee and Chairman of China National Chemical Corporation Ning Gaoning attended the signing ceremony, Member of the Standing Committee of the Provincial Party Committee and Executive Vice Governor Wang Shujian, General Manager of China National Chemical Corporation Yang Xingqiang and Zhong Ren, deputy general manager of Sinochem, signed the agreement on behalf of the three parties.

    According to the agreement, Sinochem Group and China National Chemical Corporation regard Shandong Province as an important strategic area, and strengthen cooperation with Shandong in energy, high-end chemicals, modern agriculture, urban operations, modern financial services, and environmental protection through market cooperation that is conducive to the joint development of the three parties.
    Cooperation in protection and other fields.
    At the event, the signing ceremony of the cooperation framework agreement for the Sinochem Environmental Protection Industry Investment Fund of Funds of Shandong Province, New Kinetic Energy, was also held.
    It is understood that Sinochem Environmental Protection Industry Fund of Funds invests in comprehensive environmental management in industrial parks, environmental protection new energy and new materials and equipment, and applied advanced environmental protection technologies.

    As early as the evening of October 29, Luxi Chemical's announcement of a change in the shareholding structure of the controlling shareholder caused a heated discussion in the industry and sent Sinochem Group to a "hot search.
    "The specific information is: Sinochem Investment Development Co.
    , Ltd.
    (referred to as "Sinochem Investment") acquired 39% of the company's controlling shareholder Luxi Group, which is held by CDH Jiahe and CDH Chemical, and has completed the industrial and commercial change registration.
    After the change of equity Luxi ChemicalLuxi Chemical actual control of Liaocheng People's Government State-owned Assets Supervision and Administration Commission ( "SASAC Liaocheng") signed a strategic cooperation agreement with the investment, Liaocheng SASAC agreed to Luxi Group, a strategic The reorganization, through the free transfer of part of the shares of Luxi Group held by Sinochem Investment, etc.
    , facilitated Sinochem Investment to become the largest shareholder of Luxi Group and obtain the controlling rights.
    As a wholly-owned subsidiary of Sinochem Group, if Sinochem Investment successfully becomes the largest shareholder of Luxi Group and obtains a controlling stake, Luxi Chemical will be merged into Sinochem Group by then.
      As my country’s important crude oil base and the largest chemical industry province, Shandong is my country’s fifth largest crude oil producing province, the largest gasoline, diesel and chlor-alkali production province, and the second largest soda ash production province in terms of products.
    The output of pesticides and other products is also among the best.
    Among the top 500 chemical companies in 2018, 104 companies in Shandong accounted for 21% of the country, far surpassing other provinces.
    It is reported that Shandong has a relatively good industrial scale advantage in the petroleum and chemical industries, but there are more resource-based and heavy chemical industries; the industrial level is low, high-end advanced technologies are few, key talents are lacking, and R&D capabilities are weak; quality benefits Poor, heavy pollution emissions and other issues.
    To this end, Shandong has proposed a new and old kinetic energy conversion plan that replaces "old kinetic energy" with "new kinetic energy.
    "   In January 2018, the State Council officially approved the construction of a comprehensive experimental zone for the conversion of new and old kinetic energy in Shandong.
    This is the first regional national development strategy approved after the 19th National Congress of the Communist Party of China.
    It is also the country's first regional development strategy with the theme of transforming new and old kinetic energy.
    It is typical and representative.
    The new and old kinetic energy conversion projects in the petrochemical field focus on clean oil, natural gas, petrochemical basic raw materials (olefin aromatics and their derivatives), coal chemical industry, engineering plastics, high-end chemical fiber, special rubber, hydrogen energy, organic silicon and other fields.
    It is expected that the upgrading of Shandong's chemical industry will accelerate in the future.
      The strategic cooperation between the "Two Chemicals" and the Shandong Provincial Government is of great significance to the Shandong chemical industry.
    In the future, Shandong will also become an important strategic area for Sinochem and ChemChina.
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