Zhejiang Petroleum & Chemical Co., Ltd. was registered and established.

The groundbreaking ceremony for Phase I of the Zhejiang Petroleum & Chemical Co., Ltd. 40 million tons/year integrated refining and chemical project was held.

The 10 million tons/year atmospheric and vacuum distillation desalination tank was successfully lifted into place at the dock.

The No. 2 propylene tower of the 1.4 million tons/year ethylene unit was successfully lifted into place.

The "leading unit" of Phase I of the Zhejiang Petroleum & Chemical Co., Ltd. 40 million tons/year integrated refining and chemical project—the No. 2 10 million tons/year atmospheric and vacuum distillation unit—produced qualified products and successfully commenced operation.

The integrated refining and chemical project of Zhejiang Petroleum & Chemical Co., Ltd., with an annual capacity of 40 million tons, has commenced full-scale production. The refining, aromatics, ethylene, and downstream chemical units of the first phase of the project have been fully commissioned, achieving stable operation and producing qualified products.