Rongsheng
The investment further strengthens the cooperation between both parties where Aramco will supply 480,000 bpd of Arabian crude oil to ZPC, under a long-term supply agreement.
Rongsheng Petrochemical (RPC) is a publicly listed company founded in 1995, listed in Shenzhen stock exchange in 2010, and headquartered in Hangzhou, Zhejiang Province. RPC business scope mainly convers refining, petrochemical, chemical fiber, trading, and R&D. It is considered as the world's largest producer of PX and PTA, in addition, it ranks among global plastics producers. RPC owns 100% of Zhongjin Aromatics Complex (ZJPC), and holds 51% of Zhejiang Petroleum and Chemicals (ZPC), the world’s largest integrated refining and chemicals complex with a processing capacity of 40 million metric tons per year (800,000 bpd) of crude oil, and 4.2 million metric tons of ethylene per year.
In 2024, RPC ranked 6th in Brand Finance's Top 50 most valuable chemicals brands, 8th in ICIS Top 100 Chemical Companies, and 6th in the Chemical Week's Billion-Dollar Club.
In July 2023, Saudi Aramco through its wholly-owned subsidiary Aramco Overseas Company (AOC) completed the acquisition of 10% stake in RPC. The investment further strengthens the cooperation between both parties where Aramco will supply 480,000 bpd of Arabian crude oil to ZPC, under a long-term supply agreement.
In 2024, RPC ranked 6th in Brand Finance's Top 50 most valuable chemicals brands, 8th in ICIS Top 100 Chemical Companies, and 6th in the Chemical Week's Billion-Dollar Club.
In July 2023, Saudi Aramco through its wholly-owned subsidiary Aramco Overseas Company (AOC) completed the acquisition of 10% stake in RPC. The investment further strengthens the cooperation between both parties where Aramco will supply 480,000 bpd of Arabian crude oil to ZPC, under a long-term supply agreement.