ESG Rating Significantly Upgraded! How Did Rongsheng Petrochemical Achieve This?

According to MSCI’s latest ESG rating report, Rongsheng Petrochemical demonstrated notable improvements in scores across key topics—including carbon reduction, water resource management, and corporate governance—outperforming the global petrochemical industry average. This rating upgrade reflects further enhancement of Rongsheng Petrochemical’s ESG management capabilities and serves as a significant endorsement by an internationally authoritative institution of the company’s ESG performance and sustainable development strategy. Rongsheng Petrochemical’s 2023 Sustainability Report is available in both simplified Chinese and English versions. Let’s examine its performance using this report. Today, ESG ratings and reports have become critical benchmarks for identifying high-quality enterprises. If you’re interested in ESG and wish to learn more, we recommend enrolling in this course. It comprehensively covers topics such as: “What is ESG? Why study ESG? ESG investment opportunities, career prospects, and essential knowledge and skills”—offering broad coverage for rapid ESG onboarding. Additionally, upon completing the course, you’ll receive complimentary access to curated ESG reports from leading enterprises—including Rongsheng Petrochemical—as well as a database of 500+ ESG-related job openings and a career navigation map. Just contact the instructor after class to claim them. About Rongsheng Petrochemical Rongsheng Petrochemical Co., Ltd. (Stock Code: 002493.SZ), headquartered in Hangzhou, Zhejiang Province, is one of China’s leading integrated petrochemical–polyester enterprises. The company operates seven production bases across key economic zones—including the Bohai Rim, the Yangtze River Delta, and Hainan’s Belt and Road Initiative zone—building five major industrial chains: polyester, engineering plastics, new energy, high-end polyolefins, and specialty rubber. It ranks among Asia’s top producers of polyester, new energy materials, engineering plastics, and high-value-added polyolefins, and holds the world’s largest production capacity for PX and PTA chemical products. Rongsheng Petrochemical is one of China’s most comprehensive petrochemical industry leaders. It ranked 11th on ICIS’s ‘Top 100 World Chemical Companies’ list, 8th on ICIS’s ‘Global Top 100 Chemical Companies’, 6th on the U.S. Chemical Week’s ‘Global Chemical Companies Billion-Dollar Club’, and 6th on Brand Finance’s (UK) ‘Global 25 Most Valuable Chemical Brands’. The 40-million-ton-per-year integrated refining and petrochemical project operated by Zhejiang Petroleum & Chemical Co., Ltd.—a company indirectly controlled (Level 1) by Zhejiang Rongsheng—is one of China’s and Asia’s most important…

Latest Update! Global Chemical Companies Billion-Dollar Club: 13 Chinese Enterprises Make the List

(Nengdong Energy News, October 8, 2022) Recently, U.S.-based Chemical Week released its latest ‘Global Chemical Companies Billion-Dollar Club’ ranking. The list ranks companies based on their 2021 sales revenue. Driven by global economic recovery and rising inflation, the chemical industry saw a sharp surge in sales revenue in 2021. BASF, Sinopec, and Dow Chemical ranked first through third, respectively. This year’s Billion-Dollar Club entry threshold stood at $3.1 billion; a total of 13 Chinese companies made the list—unchanged from last year. Rank | Company | Headquarters | 2021 Chemical Sales Revenue (in millions USD) 1 | BASF | Germany | 92,964 2 | Sinopec | China | 78,358 3 | Dow | USA | 54,968 4 | ExxonMobil | USA | 52,544 5 | LyondellBasell | USA | 46,173 6 | SABIC | Saudi Arabia | 43,210 7 | INEOS | UK | 43,045 8 | Formosa Plastics | Taiwan, China | 39,799 9 | ChemChina | China | 38,663 10 | Hengli Petrochemical | China | 27,964 11 | Linde | Ireland | 27,926 12 | Mitsubishi Chemical | Japan | 27,874 13 | Nutrien | Canada | 26,861 14 | Air Liquide | France | 25,197 15 | Rongsheng Petrochemical | China | 24,157 16 | Bayer | Germany | 23,900 17 | Shell | UK | 23,355 18 | LG Chem | South Korea | 22,325 19 | Wanhua Chemical | China | 22,284 20 | Sherwin-Williams | USA | 19,945…

Chemical Industry Billion-Dollar Club Rankings Released

Sep 14, 2026

US Chemical Week released its 2026 Chemical Industry Billion-Dollar Club rankings, with BASF retaining the top spot despite rising competition from Chinese state-owned enterprises. Revenue remained flat while profits fell 8%, though agrochemical sectors showed recovery.

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2026-09-14

Chemical Industry Billion-Dollar Club Rankings Released

Chemical Industry Billion-Dollar Club Rankings Released

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