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Bin Hu is CIO/Party Member at Sinochem Energy Co Ltd. See Bin Hu's compensation, career history, education, & memberships. Chen once served as Vice President of State Development & Investment Corp. (abbreviated as Sinochem Energy) is an operator and integrated service provider in the petroleum and petrochemical industry, serving as the unified operating platform for Sinochem's energy business., founded in. SINGAPORE, Jan 4 (Reuters) - A technology platform launchedby China's state-run Sinochem Group last year to help createvalue ahead of a now-shelved share offering is slashing jobsafter poor reception from the market, sources with directknowledge of the matter said. 65B in funding, with a current valuation of $ *****.