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Is Minhai Petrochemical a State-owned Enterprise or a Private Enterprise?

State-owned enterprises

Enterprise inquiries show that Fujian Minhai Petrochemical Co., Ltd. is a state-owned enterprise. Its predecessor was Fujian Petrochemical General Factory, which was established in 1979. It is one of the important production bases of China Petrochemical Corporation in Fujian Province. The enterprise is mainly engaged in oil refining, chemical industry and oil product sales, with an annual output of 6 million tons of oil refining equipment and 0/10,000 tons of aromatic equipment. Therefore, Minhai Petrochemical is a state-owned enterprise.