Is Baota Petrochemical Group a state-owned enterprise?

Not a state-owned enterprise.

Baota Petrochemical Group is an economic entity founded by Mr. Sun, a non-party intellectual and expert industrialist who enjoys special allowance from the State Council, when he bought Ningxia State-owned Nanliang Farm Chemical Additives Factory in 1997. Belongs to the sole proprietorship and non-public ownership.

After 10 years of pioneering, construction and development, it has formed a diversified large-scale private modern enterprise group focusing on petroleum refining, extending to coal chemical industry and natural gas chemical industry, and integrating Industry-University-Research.

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