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It valued at around $1.44 trillion in 2014, and China is currently the largest chemicals manufacturing economy in the world. [1] The chemical industry is central to modern China's economy. It uses special methods to alter the structure, composition or synthesis of substances to produce new products, such as steel, plastic, and ethyl.
Location of the chemical plant in Jiangsu. On 21 March 2019, a major explosion occurred at a chemical plant in Chenjiagang Chemical Industry Park, Chenjiagang, Xiangshui County, Yancheng, Jiangsu, China. According to reports published on 25 March, 78 people were killed and 617 injured. [1]
Sinopec in Hangzhou, Zhejiang. China Petroleum and Chemical Corporation, or Sinopec, is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai . Sinopec Limited's parent, Sinopec Group, is the world's largest oil refining, gas and petrochemical conglomerate, headquartered in Chaoyang District ...
“The chemical industry is the litmus test for the global economy,” Paul Hodges, ... China is also slowing amid recent lockdowns. ... Read the latest financial and business news from Yahoo Finance.
China Petrochemical Corporation ( Chinese: 中国石油化工集团公司; pinyin: Zhōngguó Shíyóu Huàgōng Jítuán Gōngsī) or Sinopec Group is an oil refining, gas and petrochemical conglomerate, [4] administered by SASAC for the State Council of the People's Republic of China. It is headquartered at Chaoyangmenwai in Beijing, across ...
BEIJING (AP) — An explosion outside a chemical plant in northeastern China early Wednesday killed at least 22 people and destroyed scores of vehicles, in the latest challenge to efforts to boost ...
China National Chemical Corporation, commonly known as ChemChina, is a Chinese state-owned chemical company in the product segments of agrochemicals, rubber products, chemical materials and specialty chemicals, industrial equipment, and petrochemical processing for the civilian and military sectors. [2] As of 2020, it is ranked 164th among the ...
The U.S. chemical output is $750 billion a year. The U.S. industry records large trade surpluses and employs more than a million people in the United States alone. The chemical industry is also the second largest consumer of energy in manufacturing and spends over $5 billion annually on pollution abatement.