Guangzhou Twinace Petroleum and Chemicals Co., Ltd. (Guangzhou Twinace) was established in June 1995 with a paid-up capital of RMB50 million. The company became a commercial member of the Shanghai Futures Exchange in 2004 and was one of the pioneer members trading in fuel oil futures. Guangzhou Twinace is a well-developed, considerably large-scale and specialized private petrochemical company dealing in two major aspects of oil business: fuel oil and product oil. Fuel oil business covers its imports; wholesale; storage; agency business and oil futures while the product oil business covers the wholesale and retailing of gasoline; diesel and petroleum.

     Guangzhou Twinace concentrates on providing extensive and stable supplies of fuel oil to its consumers in Guangdong area and was ranked as one of the top three importers on national level in past 5 years consecutively. With its steady supply of good quality oil, Guangzhou Twinace has gained its high reputation amongst its international and domestic oil suppliers as well as amongst its customers. Guangzhou Twinace was granted the following awards: ‘AA Credit Facility Award’ by the Bank of China and Shenzhen Development Bank; ‘Grade A Import/Export Corporation Award’ from the Guangzhou Customs Bureau; ‘Excellent Private Corporation Award’ from the Guangzhou Municipal Party Committee in 2002 and from 2004, it was ranked the 13th and 7th positions for the ‘Top 100 Import/Export Private Corporations Award’ by the Department of Commercial Affairs in two consecutive years.

     After years of expansion, Guangzhou Twinace has established close relationships with its business partners in Dongguan, Shanghai and Qingdao. A branch office was set up in Qingdao in 2006 and groundwork was laid down for a marketing network nationwide. With strong support from its partners in Jiangsu and Qingdao, it engages in long-term lease arrangements of its partners’ large-scale petrochemical oil storage tanks and deep-water wharfs. The large-scale petrochemical facilities at Nantong; Taicang; Huangdao and Longkou have facilitated its expansion and marketing strength in Northern China. It has progressed positively in the joint venture project in Dongguan, which has strengthened its leading position in the Guangdong petrochemical market of keen ongoing competition.