Sinopec Shanghai Petrochemical Company Limited (SPC), located in Jinshan District of Shanghai, is one of the largest refining-chemical integrated petrochemical companies in China. It is one of the subsidiaries of China Petroleum & Chemical Corporation (Sinopec Corp.). It is also currently one of the most important domestic producers of refined oil products, intermediate petrochemicals, synthetic resins and synthetic fibers.
In the course of development, SPC has experienced four phases of large scale concentrated construction. By the end of 2008, it has built up an once-through crude oil processing capacity of 14,000,000 tons (comprehensive in-depth processing capacity available currently 10,000,000 tons per annum), an ethylene production capacity of 845,000 tons, an organic chemical feedstock production capacity of 2,642,000 tons, a plastic resins production capacity of 955,000 tons, a synthetic fiber feedstock production capacity of 1,140,000 tons, a synthetic fiber polymers production capacity of 589,000 tons and synthetic fibers production capacity of 436,000 tons per annum. SPC also has its own utilities system, environmental protection system, loadings and unloadings handling facilities for marine and inland waterway, railway and highway transportation. The major products fall into four catalogues: Refined oil products such as gasoline, diesel, jet fuel, LPG etc. Petrochemicals such as ethylene, propylene, butadiene, benzene, toluene, paraxylene, PTA, acrylonitrile, ethylene glycol, ethylene oxide, C5 fraction, acetic acid and vinyl acetate etc. Synthetic resins and plastics such as polyethylene, polypropylene, polyester chips, polyvinyl alcohol etc. Synthetic fibers such as acrylic staple, acrylic top, polyester staple, polyester filament, polyester industry yarn etc.
In 2008, SPC processed 9,238,300 tons of crude oil, of which 8,739,000 tons was imported, and produced 772,900 tons of gasoline, 3,418,700 tons of diesel, 634,700 tons of jet fuel, 885,600 tons of ethylene, 487,300 tons of propylene, 998,600 tons of synthetic resins and copolymers, 461,900 tons of synthetic fiber monomers, 585,500 tons of synthetic fiber polymers, 270,000 tons of synthetic fibers, and generated in total 2,743,000,000 kwh electricity. By strategically positioning itself to be the first class in the country and strive to be the advanced in the world, SPC is accelerating the construction of the structural adjustment project, aiming at continuously optimizing its business structure and gradually building up its market competitiveness and anti-risk ability through implementing overall cost leadership strategy in all aspects and intensifying its managerial concept of ‘Challenging the advanced, Practising fine management’.
SPC always pays attention to building up a good image of the Company, and has been making unremitting efforts to rejuvenate China's petrochemical industry. SPC is consistently persisting in the standardized business practice and trying hard to achieve satisfactory operation results to reward its shareholders and providing customers with quality products and good service. As a result, SPC has been awarded many prizes by various circles. In 2001 and 2002, SPC won the title ‘company which values the credit and abides by the contract’ issued by State Industry and Commerce Administration Bureau. In 2004, SPC was awarded the China’s Foreign Economic and Trade Enterprise with AAA Grade in credit issued by State Commerce Ministry, and the National Consumer Satisfied Enterprise issued by China Quality Management Association. In 2005, SPC was awarded the honorary title of National Model Unit. SPC was awarded the State Occupational Hygiene Model Enterprise and ranked the 33th among The Top 100 Chinese Listed Companies by Fortune in 2007. In 2008, SPC was again awarded the Consumer Satisfied Enterprise and the National Advanced Unit of Implementing Consumer Satisfied Engineering issued by China Quality Management Association.