Yanchang Petroleum (Zhejiang Free Trade Zone) Co Ltd (“Yanchang Zhejiang”) was established in the Zhejiang Free Trade Zone in Zhoushan in 2018. It mainly operates two businesses.
Trading Business: Import business, including crude oil, fuel oil, raffinate, and asphalt mixture.
Refinery Business: Possesses stable crude oil processing capability year-round, with a maximum production capacity of 2.4 Mt. The main products are asphalt, diesel oil, natural gas, and wax oil etc.