Zhenhai Refining & Chemical Company of China Petrochemical Co., Ltd. (hereinafter referred to as Zhenhai Refining & Chemical Company) is a super-large holding subsidiary and key enterprise directly under China Petrochemical Co., Ltd., formerly known as Zhejiang Refinery, which was founded in 1975. It is located in Ningbo, China, an economically developed transportation hub city in the hinterland of the Yangtze River Delta on the south bank of Hangzhou Bay. It is the largest symbol enterprise of refining and chemical integration in Ningbo Petrochemical Economic and Technological Development Zone. It is 8km away from Beilun Port18km, 55km away from the south entrance of Hangzhou Bay Bridge, and 4km away from Qiao Zhuang Railway Freight Station/KLOC-0. The convenient three-dimensional comprehensive transportation hub network composed of shipping, railway, highway, pipeline and aviation provides unique conditions for the development of Zhenhai Refining and Chemical Company. China Petrochemical Zhenhai Refining & Chemical Co., Ltd. is located in Ningbo, Zhejiang Province, one of the fastest-growing cities in eastern China and a famous port city. In the list of "China Listed Companies 100 Top Companies" published by Chinese edition of Fortune magazine in 2004, Zhenhai Refining and Chemical Company ranked 13. The performance evaluation report of the internationally renowned Salomon Consulting Company shows that Zhenhai Refining & Chemical Co., Ltd. has an outstanding cost advantage and its competitiveness ranks among 72 refineries in the Asia-Pacific region. According to the latest statistics of Oil and Gas magazine in the United States, Zhenhai Refinery ranks as the largest refinery in the world 17, one of the largest refineries in Asia-Pacific region 10, and the first one in Chinese mainland to enter the ranks of world-class refineries.