ChemChina (UK) Ltd officially began business after being established in London early this year.
The UK company is a wholly-owned subsidiary of ChemChina Petrochemical. It serves as a London-based trading platform that will effectively work with its sister company ChemChina (Singapore) Pte Ltd to build an around-the-clock trading network covering various fields. The new company will be engaged in crude oil trading, storage, crude oil and fuel oil shipping, and crude oil procurement for ChemChina’s refineries. It has businesses running in North America, South America, West Africa and the Mediterranean. The company will develop partnerships with major oil companies, international energy giants and oil products trading companies across the world. Meanwhile, the UK company will seek diversified development and trading opportunities.