Grand Oil & Chemical Co., Ltd is a subsidiary specializing in trading in the industry of oil and chemicals under the Grand Resources Group Co., Ltd (GRG). It was established in June 2022 based on the original Arene Department of Grand Energy Co., Ltd with a registered capital of RMB 100 million. Its sales volume had reached 570,000 tons and its sales revenue has exceeded RMB 3.78 billion since its establishment in 2022.

The company’s main varieties cover the arene industrial chain, including crude oil, naphtha, gasoline, toluene, xylene, benzene, styrene, acetone, MEK, phenol, polyester industrial chain products, etc. Rooted in the domestic market, the business department focuses on the development of upstream and downstream channels, laying a solid market foundation. Meanwhile, aiming at the international market, the business department actively allocates overseas resources. The company flexibly uses integrated business models such as import, entrepot, distribution, hedging, arbitrage and OEM to explore industrial opportunities, hedge market risks and deploy resources.

The company has established long-term friendly cooperation with mainstream suppliers both at home and abroad (CNPC, Sinopec, CNOOC, Sinochem, Mitsubishi, Mitsui, Sumitomo, SK, Lotte, KPIC, Exxon Mobil, Shell, BASF, PTT, etc.) as well as major downstream enterprises, enjoying a good reputation in the industry.

In addition, the four functional departments of Risk Management Department, Financial Management Department, Personnel Administration Department and Commerce Department are closely integrated with the company’s overall business strategy, giving full play to professional service and management functions, and jointly carrying forward the business spirit of “Loyalty, Sincerity, Diligence and Innovation”.