Is Zhejiang Petrochemical State-owned or Private?

Enterprises are not state-owned enterprises, but mixed ownership enterprises with private enterprises holding shares and state-owned enterprises holding shares.

Zhejiang Petrochemical Co., Ltd., the full name of which is Zhejiang Petrochemical Co., Ltd., was established on June 18, 2005. It is an important supporting project for China Zhejiang Pilot Free Trade Zone to build the whole oil industry chain.

Zhejiang Petrochemical Co., Ltd. is the largest oil refining and chemical integration project planned and constructed by the state. After completion, it can process 800,000 barrels of crude oil every day.