China Chemical Reporter back issues from January 2007:
Monopoly and privatization.(State-owned Assets Supervision and Administration Commission )
Jan 06, 2007; ... Just saying good-bye to the year 2006, companies are closing their books for preparing the financial report to shareholders, and governments are busy in issuing new plans, schedules and policies for the year 2007 ahead. Li Rongrong, Director of the State-owned Assets Supervision ...
NDRC contains fuel alcohol.(NEWSDESK: Policy)(National Development and Reform Commission)(Brief article)
Jan 06, 2007 ... On December 15th, 2006 the National Development and Reform Commission (NDRC) issued an urgent notice, tentatively terminating the approval of corn-based alcohol projects. On December 18th, 2006 NDRC issued another notice concerning the development of the bio-fuel alcohol sector ....
... Confirms new materials projects for 2006.(NEWSDESK: Policy)(National Development and Reform Commission )
Jan 06, 2007 ... The National Development and Reform Commission (NDRC) confirms recently thirteen high-tech new materials demonstration projects for 2006. For the structural materials, related to chemical industry, they are 3 000 t/a high performance atomized magnesium powder project in ...
Coal-based MTO project approved.(NEWSDESK: Policy)(methanol to olefin)(Inner Mongolia Baotou Shenhua Coal Chemical Co., National Development and Reform Commission)(Brief article)
Jan 06, 2007 ... The 600 000 t/a coal-based MTO (methanol to olefin) project in Inner Mongolia Baotou Shenhua Coal Chemical Co., Ltd. has recently got the approval from the National Development and Reform Commission. The project includes a 1.8 million t/a methanol unit, a 600 000 t/a MTO unit, a ...
MOC terminates reevaluation on ethanolamine.(NEWSDESK: Policy)
Jan 06, 2007 ... The Ministry of Commerce announces to terminate the midterm reevaluation on ethanolamine dumping case from December ...
BASF expands in Western China with admixture acquisition.(NEWSDESK: Acquisition)(Brief article)
Jan 06, 2007; ... BASF Construction Chemicals (Sichuan) Co. Ltd., a wholly owned affiliate of the BASF Group, announced on December 18th, 2006 that it has acquired the assets of Hi Con (Sichuan Pengshan) Concrete Admixture Ltd. (Hi Con China), a major producer of concrete admixtures in China. The ...
Haohua Group to acquire tire business.(NEWSDESK: Acquisition)(Aeolus Tyre Co. Ltd.)(Brief article)
Jan 06, 2007 ... On December 18th, 2006, China Haohua Chemical Industrial (Group) Corporation (Haohua Group), a subsidiary of China National Chemical Corporation (ChemChina), and Henan Jiaozuo Municipal Government signed a Framework Agreement on the development of tire industry. Aeolus Tyre Co., ...
CNOOC to supply CNAF with kerosene.(NEWSDESK: Acquisition)(China National Aviation Corp., China National Offshore Oil Corp.)(Brief article)
Jan 06, 2007 ... On December 19th, 2006 China National Offshore Oil Corporation (CNOOC) announces that its subsidiary CNOOC Refining & Chemical Co., Ltd. Sales Branch has signed a Framework Agreement with China National Aviation Fuel Co., Ltd. (CNAF), on supplying the kerosene produced in Huizhou Refinery ...
China Gas acquires 51% equity in Qingdao Tainenq.(NEWSDESK: Acquisition)
Jan 06, 2007 ... On December 22nd, 2006, China Gas Holdings Ltd. (HK: 0384) announces that it has agreed to purchase 51% equity in Qingdao Taineng Natural Gas (Qingdao Taineng), for HK$256 million. Following the acquisition of Dezhou Natural Gas effective September 2006, this is the second urban natural ...
Kingboard Chemical invests in Hebei methanol project.(NEWSDESK: Expansion)
Jan 06, 2007 ... Kingboard Chemical Holdings Ltd. has recently signed a contract with Hebei Jinniu Energy Group Co., Ltd. on the joint development of a coal chemical comprehensive project in Xingtai of Hebei province. The project has a total investment of around RMB12.0 billion. Investors will ...
Huatai to acquire salt chemical business.(NEWSDESK: Expansion)
Jan 06, 2007 ... On December 18, 2006, Huatai Group Co., Ltd. (Huatai, SH: 600308) announces that it plans to issue up to 80 million shares to its parent company Huatai Group, for acquiring three chemical plant and a thermoelectric plant owned by Huatai Group, the consideration payable by Huatai is ...
PVC project to be constructed in Gansu.(NEWSDESK: Expansion)(Jinchuan Group Ltd.)
Jan 06, 2007 ... A contract on the 200 000 t/a PVC project jointly funded by Sichuan New Hope Group and Gansu Jinchuan Group Ltd. has recently been signed in Jinchang, Gansu province. Gansu Xinchuan Chemical Co., Ltd. is also established. The project has a total investment of RMB600 million. The ...
Chemical Construction Material Base in Dalian.(NEWSDESK: Expansion)
Jan 06, 2007 ... Dalian Shide Chemical Construction Material Base located in Dalian, Liaoning province, has completed a total capacity of 640 000 t/a PVC door/window profiles (400 000 t/a in Dalian and 80 000 t/a each in Chengdu, Jiaxing and Yinchuan), 12 000 t/a pipes and 20 000 t/a composite stabilizers ....
Air Products and Nanjing Chemical form JV.(NEWSDESK: Establishment)
Jan 06, 2007 ... On December 19th, 2006 Air Products (NYSE: APD), a globally diversified gases and chemicals company, announced plans to form a joint venture (JV) company with Nanjing Chemical Industries Co., Ltd. (Nanjing Chemical), a subsidiary of Sinopec Assets Management Corporation, which is a ...
Bayer to base GFCC in Shanghai.(NEWSDESK: Establishment)(Global Footwear Competence Center)(Brief article)
Jan 06, 2007 ... Bayer MaterialScience has established its Global Footwear Competence Center (GFCC) in Shanghai, where it will spearhead the development of advanced materials and provide technical support to the global footwear industry. The GFCC will function as a technical backbone for ...
ROH and Weihai Jinhong form JV.(NEWSDESK: Establishment)(Rohm and Haas Co., Weihai Jinhong Polymer Company Ltd.)(Brief article)
Jan 06, 2007 ... On December 14th, 2006, Rohm and Haas Company (ROH) and Weihai Jinhong Polymer Company, Ltd. (Weihai Jinhong) announced their agreement to form a new joint venture (JV), Jinhong Rohm and Haas Chemicals Company Ltd (JinHaas), designed to deliver a complete range of quality plastics ...
Huai-Wu connection line commences.(NEWSDESK: Establishment)(PetroChina Company Ltd.)(Brief article)
Jan 06, 2007 ... On December 16th, 2006, PetroChina Company Limited announces that the Huai-Wu connection line, which links the West-East Gas Pipeline with Zhongxian-Wuhan Gas Pipeline, starts its trial operation. It underscores PetroChina's strength in providing safe and stable supply of natural ...
CNOOC and Iran sign US$16 BLN gas deal.(NEWSDESK: Agreement)(China National Offshore Oil Corp.)(Brief article)
Jan 06, 2007 ... China National Offshore Oil Corporation (CNOOC, HK: 0883), the largest offshore oil producer in China, and Iranian Government have signed a Memorandum of Understanding (MOU), in an initial deal valued at US$16 billion natural gas, China Securities Journal reported on December 20th, 2006. ...
New guiding for clean production.(NEWSDESK: Agreement)(National Development and Reform Commission)(Brief article)
Jan 06, 2007 ... On December 7th the National Development and Reform Commission (NDRC) issued the "Guiding Directory for Clean Production Technologies in Major Sectors" (Third Batch). The Directory covers iron and steel, nonferrous metal, power, coal, chemical, construction material and textile sectors and ...
Beijing.(NEWSDESK: Agreement)
Jan 06, 2007 ... Beijing Yanhua Petrochemical Co., Ltd. plans to overhaul its styrene units from March 2007. The downtime is ...
CNOOC signs agreement with Hainan Provincial Government.(NEWSDESK: Agreement)(China National Offshore Oil Corp.)(Brief article)
Jan 06, 2007 ... CNOOC and Hainan Provincial Government signed a framework agreement on strategic cooperation in Haikou on December 13th. Six major cooperation projects related to natural gas utilization, petrochemical production and social welfare are included in the agreement. According to the ...
CNOOC and Devon signed new deepwater contracts.(NEWSDESK: Agreement)
Jan 06, 2007 ... On December 12th, 2006, CNOOC Limited (NYSE: CEO, SEHK: 883) announces that its parent company, China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts (PSC) with Devon Energy Corporation (Devon, NYSE: DVN) for deepwater blocks 64/18 and 53/30. ...
PTA futures transact in Zhenqzhou.(NEWSDESK: Business)(Purified Terephthalic Acid )(Brief article)
Jan 06, 2007 ... PTA futures was started transaction in Zhengzhou Commodity Exchange Center on December 19th, 2006 with brisk deal. The first 6 contract months are from February 2007 to June 2007 (TA702-TA707) with a benchmark price of RMB8 260, RMB8 380, RMB8 400 and RMB8 410 per ton. Products ...
Tianjin Beifang starts constructing logistics project.(NEWSDESK: Business)(Tianjin Beifang Petroleum Co.)(Brief article)
Jan 06, 2007 ... Tianjin Beifang Petroleum Co., Ltd.'s Coastal-Port Industry Zone project was started construction on December 12th. The project has an investment of around RMB2.5 billion and occupies a total area of around 200 000 [m.sup.2]. The first phase has an area of 50 000 [m.sup.2] with an ...
At the China Logistics Enterprises Forum held during December 2-3 2006, Lu Jiang, Chairman of China Federation of Logistics & Purchasing said that the total logistics volume in China will exceed RMB55 trillion in 2006, an increase of around 15% over 2005.(Brief article)
Jan 06, 2007 ... At the China Logistics Enterprises Forum held during December 2-3 2006, Lu Jiang, Chairman of China Federation of Logistics & Purchasing said that the total logistics volume in China will exceed RMB55 trillion in 2006, an increase of around 15% over 2005. ...
According to the commitments made by China upon the WTO accession, China will fully open the chemical fertilizer wholesale and retail sale markets and related services from December 11th, 2006.(Brief article)
Jan 06, 2007 ... According to the commitments made by China upon the WTO accession, China will fully open the chemical fertilizer wholesale and retail sale markets and related services from December 11th, 2006. In the 5-year transitional period before the opening of the chemical fertilizer ...
The biological fuel gas production base project was recently started construction in Ruyuan Haimei Regenerative Energy Demonstration Industry Park, Guangdong province.(Brief article)
Jan 06, 2007 ... The biological fuel gas production base project was recently started construction in Ruyuan Haimei Regenerative Energy Demonstration Industry Park, Guangdong province. The project includes a fuel ethanol plant, a biological fuel gas plant, a chemical fertilizer plant and a feed plant, with ...
Northeast Pharmaceutical from relocation acquires opportunity.(COMPANY FOCUS)(Northeast Pharmaceutical Group Company Ltd.)
Jan 06, 2007 ... Northeast Pharmaceutical Group Co., Ltd., an old state-owned company, has met a major development opportunity in its relocation. According to the municipal program made by Shenyang City, Northeast Pharmaceutical Group located in the Tiexi District of Shenyang will move to Shenyang Xihe ...
Methanol project based on coke oven gas starts up in Shandong.(PROJECT NEWS)(Shandong Yankuang International Coking Co. Ltd)(Brief article)
Jan 06, 2007 ... Shandong Yankuang International Coking Co., Ltd. held a ceremony for the completion of its 2.0 million t/a coke and 200 000 t/a methanol project in Yanzhou of Shandong province on December 16th, 2006. It is a project for the reuse of coke oven gas. The project is jointly ...
Meiwang breaks ground on MgO project.(PROJECT NEWS)(Xintai Meiwang Chemicals Company Ltd.)(Brief article)
Jan 06, 2007 ... Xintai Meiwang Chemicals Co., Ltd. recently held a ground breaking ceremony for its magnesium oxide project in Guangzong county, Xintai city, Hebei province. After completion, the total capacity of light magnesium oxide and active magnesium oxide in Xintai Meiwang Chemicals Co., Ltd. is ...
CHALCO starts up alumina project.(PROJECT NEWS)(China Aluminum Company Ltd.)(Brief article)
Jan 06, 2007 ... Principal facilities of the 600 000 t/a Bayer-process alumina expansion project in Shandong Aluminum Corporation (SALCO) were recently completed and put on stream in Zibo, Shandong province. SALCO is a subsidiary of China Aluminum Co., Ltd. (CHALCO). The execution of the project has taken ...
Baling completes fertilizer renovation project.(PROJECT NEWS)(SINOPEC Baling Petrochemical Company Ltd.)(Brief article)
Jan 06, 2007 ... The fertilizer renovation project in Sinopec Baling Petrochemical Co., Ltd. was conducted successfully wet commissioning in Yueyang of Hunan province on December 19th, 2006. The coal gasification unit funded by Sinopec and Royal Dutch Shell on a 50-50 basis uses advanced technologies in ...
Anhydrous hydrogen fluoride project kicks off.(PROJECT NEWS)(Zhejiang Lansol Fluorchem Company Ltd)(Brief article)
Jan 06, 2007 ... Construction was recently started on the 20 000 t/a anhydrous hydrogen fluoride project in Zhejiang Lansol Fluorchem Co., Ltd. in Quzhou Hi-Tech Industrial Park, Zhejiang province. Zhejiang Lansol Fluorchem Co., Ltd. was jointly established by Zhejiang Lantian Environmental Protection ...
Yinguang completes TDI expansion.(PROJECT NEWS)(Gansu Yinguang Chemical Industrial Company Ltd.)(Toluene diisocyanate)(Brief article)
Jan 06, 2007 ... On December 15th, 2006 the first phase of the 100 thousand t/a TDI (toluene diisocynate) expansion project successfully conducted trial run in Gansu Yinguang Chemical Industrial Co., Ltd. located in Baiyin, Gansu province. Qualified TDI products have been manufactured today. The 100 ...
Shandong head launched 3 projects.(PROJECT NEWS)(Shandong Head Co. Ltd.)(Brief article)
Jan 06, 2007 ... The 5 000 t/a polyanionic cellulose project, the 5 000 t/a carboxymethyl cellulose project and the 5 000 t/a hydroxyethyl cellulose project in Shandong Head Co., Ltd. have recently been launched in Zibo of Shandong province. The total investment of ...
Wentong starts up ammonium calcium nitrate production line.(PROJECT NEWS)(Shanxi Wentong Potassium Salt Group Co.)(Brief article)
Jan 06, 2007 ... A 50 000 t/a granular ammonium calcium nitrate production line was recently put on stream in Shanxi Wentong Potassium Salt Group Co., Ltd. located in Lvliang, Shanxi province. The contents of nitrogen and calcium chloride in the new ...
Trial production of anhydrous aluminum fluoride project.(PROJECT NEWS)(Brief article)
Jan 06, 2007 ... Do-Fluoride Chemicals Co., Ltd., located in Jiaozuo, Henan province, recently put into trial production on the 30 000 t/ a anhydrous aluminum fluoride project. With a total investment of RMB120 million and adopting advanced technologies, this project is the first-phase project in the ...
Shandong Lianmeng starts up urea project.(PROJECT NEWS)(Shandong Lianmeng Chemical Group Co. Ltd.)(Brief article)
Jan 06, 2007 ... With a total investment of RMB650 million, the 180 000 t/ a synthetic ammonia, 300 000 t/a urea and 60 000 t/a methanol project recently was put on stream by Shandong Lianmeng Chemical Group Co., Ltd. located in Shouguang, Shandong province. It is the first phase of the 360 000 t/a ...
Handing-over of 1.2 million t/a hydrocracking unit.(PROJECT NEWS)(Changqing Petrochemical Company Ltd.)(Brief article)
Jan 06, 2007 ... A 1.2 million t/a hydrocracking unit of CNPC Changqing Petrochemical Company Ltd. conducted successfully intermediate handing-over recently in Xianyang, Shaanxi province in northwest China. Undertaken by the 6th Construction Company of CNPC, the 1.2 million t/a ...
Multi-functional master batch assistant.(NEW PRODUCT)(Brief article)
Jan 06, 2007 ... Shanghai Onmillion Nanomaterials Company Ltd. recently developed a multi-functional master batch assistant. The product taking barium sulfate as the major component is produced through a unique process of multi-layer modification When it is used in fiber-grade master batch, it can promote ...
Special-effect adsorption separation material.(NEW PRODUCT)(introduced by Hefei E-Microchem Molecule Materials Technology Co.)(Brief article)
Jan 06, 2007 ... Hefei E-Microchem Molecule Materials Technology Co., Ltd. recently developed a new special-effect adsorption separation material in Hefei of Anhui province. According to researchers, 1 kg of active carbon in conventional adsorbing agents can adsorb 0.65 kg of oily pollutants on ...
FEP master batch.(NEW PRODUCT)(polyperfluoro ethylene-propylene )(Brief article)
Jan 06, 2007 ... Material Science and Engineering Institute of Beijing University of Chemical Technology recently developed polyperfluoro ethylene-propylene (FEP) master batch and also achieved the commercial production of the product in collaboration with Zhejiang Juhua Co. Ltd. FEP is a ...
Flexible epoxy vinyl alcohol resin.(NEW PRODUCT)(Shanghai Fuchem Chemicals Co Ltd.)(Brief article)
Jan 06, 2007 ... Flexible epoxy vinyl alcohol resin developed by Shanghai Fuchem Chemicals Co., Ltd. has very high bonding to steel and concrete surfaces. Compared with traditional epoxy vinyl ester resins, the ductility is higher, the bonding strength is greatly increased, the impact resistance is nearly ...
High-clean methanol fuel oil.(NEW PRODUCT)
Jan 06, 2007 ... Xinjiang Century Petrochemical Co.. Ltd. recently announced that a new fuel oil that can replace traditional vehicle fuel oils has been developed in Xinjiang. The company has made an investment of over RMB2. 0 million in the project. The technology for the production of "high-clean vehicle ...
Explosion in Gansu Yinguang.(Accident Page)(Gansu Yinguang Chemical Industrial Co Ltd.)(Brief article)
Jan 06, 2007 ... On December 27th, 2006 an explosion took place at the acetone solvent distillation recovery workshop in the Third Chemical Plant of Gansu Yinguang Chemical Industrial Co., Ltd. (Gansu Yinguang) located in Baiyin, Gansu province. The explosion accident caused 3 death and 2 injuries with the ...
Fire in Linquan fertilizer plant.(Accident Page)
Jan 06, 2007 ... On December 23rd, 2006 a compressor pipeline got explosion and caught fire in Linquan Chemical Fertilizer ...
Fire in Hangzhou Chemical Reagent Plant.(Accident Page)
Jan 06, 2007 ... On December 12th, 2006 a chlorophyll workshop caught fire in Hangzhou Chemical Reagent Plant located in Hangzhou, Zhejiang province. There ...
Explosion in Xianfeng Fine Chemical.(Accident Page)
Jan 06, 2007 ... On December 13th, 2006 an explosion broke out at a tank in Xianfeng Fine Chemical Co., Ltd, in Siyang county, Sichuan ...
Degussa highlights VESTAMID[R] LX9020.(H.S.E.)(Brief article)
Jan 06, 2007 ... VESTAMID[R] LX9020 of Degussa AG, Germany, is the first polyamide 12 to be granted certification by Lloyd's Register for use in the manufacture of non-bonded flexible pipes for the transport of offshore production & injection fluids, according to the API 17 J "flexible risers" norm, and EN ...
New chlorine dioxide production process.(H.S.E.)(Brief article)
Jan 06, 2007 ... Nanjing University of Technology has developed the technology for the production of high-purity chlorine dioxide. It uses new processes such as composite reducing agents and high-effect catalysts to produce high-purity chlorine dioxide gas in low temperature and low acidity. Absorption by ...
Magnesium hydroxide flame-retarding agent technology.(Qinghai Institute of Salt Lakes)(Brief article)
Jan 06, 2007 ... Qinghai Institute of Salt Lakes, CAS, has used a new conversion catalyst and conventional magnesium hydroxide as raw material to produce hexagonal magnesium hydroxide flame-retarding agent with complete crystal form through hydrothermal modification. Due to its large particle ...
Furfural and furfuryl alcohol capacity expands unduly.(MARKET REPORT: Intermediate)
Jan 06, 2007; ... China is the biggest furfural and furfuryl alcohol producer and exporter in the world. There were more than 300 furfural producers in China in 2005. The total capacity of furfural was close to 300 thousand t/a and the output was around 220 thousand tons, accounting for 80% of the world ...
Soda ash sector restricted by resources.(MARKET REPORT: Inorganics)
Jan 06, 2007 ... With the policy control of the state, the capacity expansion in the soda ash sector has slowed down, concentration of production is increased and the impact of the cyclic demand change is weakened. According to experts, the cost reduction and the firm price determined by the supply/demand ...
Sulfur market prospect holds no room for optimism.(MARKET REPORT: Inorganics)
Jan 06, 2007 ... The price of sulfur in the domestic market has continued to go down since 2006. It has already dropped from RMB988 per ton at the beginning of 2006 to RMB819 per ton today. The sustained price reduction is closely related to market supply and demand. China's massive import of sulfur ...
Consumption of HCFC-22 increases steadily.(Market Report: Fluorine Chemicals)(Chlorodifluoromethane)
Jan 06, 2007 ... Chlorodifluoromethane (HCFC-22) is an important fluorine chemical product. It can be directly used as refrigerant in household air-conditioners and refrigerators and also as chemical raw material to produce fluorine-containing polymer monomer tetrafluoroethylene (TFE) to extend the ...
CNPC opens the door to Russian energy resources.(SPECIAL REPORT: Cooperation)(China National Petroleum Corp.)
Jan 06, 2007 ... Rosneft of Russia recently announced that it signed an agreement with CNPC on October 16th, 2006. Both sides made an investment of 10.0 million rubles and established Vostok Energy Ltd. The equity ratio between Russia and China is 51:49. (CCR2006, No. 31) The energy cooperation ...
Prices of major chemicals quoted in Shanghai in December 2006.(STATISTICS: Price)(Statistical table)
Jan 06, 2007 ... <Pre> Prices of Major Chemicals Quoted in Shanghai in December 2006 Product SpecificationTop Inorganic chemicals Ammonium Chloride 99% 9000 Baking Soda Food grade...
Changes of MFN tariffs of chemicals in 2007.(STATISTICS: Tariffs)
Jan 06, 2007 ... <Pre> Changes of MFN Tariffs of Chemicals in 2007 MFNMFN HS CODEDescriptionTariffs Tariffs in 2006in 2007 29173611 Purifed ...
Import & export data in China in November 2006.(STATISTICS: Imp & Exp)(Statistical table)
Jan 06, 2007 ... <Pre> Import & Export Data in China in November 2006 CODEDESCRIPTIONIMPORT Quantity (kg) 23099010Feed additives, prepared ...
NDRC plans to increase natural gas price.(National Development and Reform Commission)(Brief article)
Jan 16, 2007 ... The National Development and Reform Commission (NDRC) are formulating policies for natural gas pricing and utilization. It plans to increase the natural gas price to be in line with the international market quickly. "Although the oil pace in China keeps going up," said a senior ...
Ministry of Commerce.(Notices in Brief)
Jan 16, 2007 ... On December 29th, 2006, the Ministry of Commerce announced that the import amount of oil products allocated to ...
On December 30th, 2006, the Ministry of Commerce and the General Administration of Customs jointly issued the "Directory of Goods with Export License in 2007" and the "Directory of Goods with Border Small-Volume Trade Export License in 2007", effective separately January 1st, 2007.(Directory of Goods with Export License in 2007)(Directory of Goods with Border Small-Volume Trade Export License in 2007)
Jan 16, 2007 ... On December 30th, 2006, the Ministry of Commerce and the General Administration of Customs jointly issued the "Directory of Goods with Export License in 2007" and the "Directory of Goods with Border Small-Volume Trade Export License in 2007", effective separately January 1st, 2007. Goods ...
On December 30th, 2006, the Ministry of Commerce and the State Administration of Taxation.(Notices in Brief)
Jan 16, 2007 ... On December 30th, 2006, the Ministry of Commerce and the State Administration of ...
On December 25th, 2006, the National Development and Reform Commission announced that it had issued the "Urgent Notice for Rectification of Refining Based on Scrap Tire" together with the State Environmental Protection Administration.(Brief article)
Jan 16, 2007 ... On December 25th, 2006, the National Development and Reform Commission announced that it had issued the "Urgent Notice for Rectification of Refining Based on Scrap Tire" together with the State Environmental Protection Administration. Due to constant price rise and the sustained high price ...
Sinopec receives compensation of RMB5 BLN.(Brief article)
Jan 16, 2007 ... China Petroleum and Chemical Corporation (Sinopec Corp., SH: 600028) announces on December 27th, 2006 that it and its subsidiaries have obtained an one-off compensation of RMB5 billion. Both Shanghai Petrochemical Co., Ltd. (SH: 600688) and Shijiazhuang Refining & Chemical Co., Ltd. (SZ: ...