​​Zhejiang Provincial Petroleum Co., Ltd.

Established in September 2017, Zhejiang Provincial Petroleum Co., Ltd. is jointly founded by Zhejiang Provincial Energy Group Co., Ltd. (abbr. as ZE) and Zhejiang Petrochemical Co., Ltd. ZP will serve as the key implementation platform for Zhejiang Province to build the entire oil and gas industrial chain in China (Zhejiang) Pilot Free Trade Zone. It mainly engages in crude oil and petroleum products trading, maritime services, and fuel oil bunkering. The company is also involved in supporting infrastructure investment e.g. oil tanks, ports, pipelines and integrated energy supply stations.

• ZP is a pioneer in the integrated energy service station project in China. By the end of June 2022, ZP has built214 service stations that offer refueling services in oil, gas, electricity and hydrogen.
• ZP affiliate, Zhejiang Petroleum Fuel Oil Sales Co., Ltd. was one of the first enterprises to be awarded the qualification to trade bonded fuel oil. It has strong experience in Marine Fuel Oil filing and operation in Zhoushan and Shanghai, possesses the ability of trans port transportation and filling, and implements international standards.
• The first phase of the largest oil storage and transportation transit base in northern sea area of Ningbo Zhoushan Port, Huangzeshan, has been put into operation. The existing system contains storage tanks with a total capacity of 1.51 million cubic meters, one 300,000 DWT and one 80,000 DWT crude oil terminals, and two 10,000 DWT refined oil terminals. The second phase of the project proposes to expand the storage capacity of 1.04 million cubic meters and is under construction since the end of 2020 and scheduled to be ready for operation by the end of 2022.
• The Huangzeshan – Yu Shan submarine crude pipeline connecting Huangzeshan and Zhejiang Petroleum Chemical Yushan Island is scheduled to be completed by the end of 2022. Staring from Zhejiang Petroleum Huangzeshan storage and transportation base, and finally to the northeast Yushan Island Daishan County where Zhejiang Petrochemical integrated refining project (40 million tons/year).The pipeline has initial and terminal stations. The pipeline has 46.5km oil pipeline, including 45.7km submarine pipeline and 0.8km continental pipeline. The design pressure is 6.5 MPa and the pipe diameter is 813mm, with transport capacity of 20 million tons / year (maximum transport capacity of 30 million tons / year).