Sinochem Corporation (a.k.a. Sinochem) was born in 1950. It is a key state-owned enterprise. Its predecessor is China National Chemicals Import & Export Corporation.  Sinochem is one of China earliest qualifiers of Global 500 and has been named to the list for 15 years, ranking the 287th in 2004 with the sales revenue of USD 20.381 billion. Sinochem operates its business in an integral manner which connects upstream, mid-stream and downstream in its three core business scope: petroleum, fertilizer and chemicals. At present Sinochem is one of the four major state-owned oil companies and the largest fertilizer importer and phosphorus and compound fertilizer manufacturer in China. It is also China major sales and marketing service provider in chemical products. The brand name of Sinochem is accredited as Chinese Famous Brand and enjoys worldwide prestige.