Sinopec Shanghai Gaoqiao Petrochemical and Jiarui Electronic Materials received unconditional approval from China's State Administration for Market Regulation to establish a joint venture. The approval was granted during the week of August 24-30, 2026.
The joint venture is expected to focus on electronic chemicals, a segment where China is investing heavily to domesticate supply of high-purity reagents, photoresists and specialty materials for semiconductor and display manufacturing. Sinopec Gaoqiao provides refining and petrochemical feedstock integration, while Jiarui Electronic Materials contributes electronic materials expertise.
