- CEO
- Xiaojun Guo
- Full Time Employees
- 7,124
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Address
- 48 Jinyi Road Shanghai People's Republic of China 200540
- IPO Date
- Mar 27, 2013
- Business
- Sinopec Shanghai Petrochemical Company Limited (SPTJF), a holding subsidiary of China Petroleum & Chemical Corporation (Sinopec Corp.), operates as one of China's major integrated refining and petrochemical enterprises; it processes crude oil into refined petroleum products, intermediate petrochemicals, synthetic resins and plastics, synthetic fiber raw materials, and synthetic fibers. The company produces refined oil products including gasoline, diesel, jet fuel, liquefied petroleum gas (LPG), naphtha, petroleum coke, asphalt, sulfur, and fuel oil; intermediate petrochemicals such as ethylene, propylene, butadiene, benzene, p-xylene, toluene, acrylonitrile, ethylene glycol, ethylene oxide, and vinyl acetate; synthetic resins and plastics encompassing polyethylene, polypropylene, polyester chips, and polyvinyl alcohol (PVA) granules; and synthetic fibers comprising polyester staple, polyester industrial yarn, acrylic staple, acrylic top, and carbon fibers. It also engages in the trading of petrochemical products through import and export activities, as well as ancillary operations like utilities provision, environmental protection services, and property leasing. Founded in 1972 as Shanghai Petrochemical Complex and restructured in 1993 for listing on the Shanghai, Hong Kong, and New York stock exchanges—with headquarters in Jinshan District, Shanghai—the company maintains primary operations across China, serving domestic and international markets in textiles, apparel, and industrial sectors; it spans a 9.4 square kilometer site with a comprehensive crude oil processing capacity of 16 million tons per year, ethylene output of 700,000 tons per year, organic chemical raw materials of 4.07 million tons per year, synthetic resins of 908,000 tons per year, synthetic fiber raw materials of 525,000 tons per year, and synthetic fibers of 35,500 tons per year. In recent developments, the company approved new framework agreements in October 2025 with Sinopec Group and Sinopec Corp. to extend mutual product supply, sales services, and comprehensive services beyond the expiring 2025 agreements, ensuring continued access to crude oil, petrochemical feedstocks like naphtha and ethylene, and operational support; it allocated capital expenditures of RMB 408 million in the first half of 2025 primarily to the Shanghai Petrochemical Cogeneration Unit Clean-Efficiency Upgrade project and advanced the large-tow carbon fiber production facility outside Shanghai, alongside comprehensive technological transformation initiatives focused on ethylene and propylene downstream optimization.