The 2nd China International Import Expo is held from Nov 5 to 10 in Shanghai. [Photo/VCG]

Zhejiang Petroleum & Chemical Co, a Zhoushan-based company, placed an order worth $13.4 million to Honeywell International Inc at the 2nd China International Import Expo (CIIE) on Nov 5 in Shanghai, the first Zhoushan company to do so.

Zhejiang Petroleum & Chemical Co, located in the China (Zhejiang) Pilot Free Trade Zone in Zhoushan, is an important part of the zone's oil product industrial chain.

The company, which mainly focuses on the production of gasoline, diesel, aviation coal and other petrochemical derivatives, has the potential to become one of the largest petrochemical derivative producers in the world, said officials.

Honeywell is a US-based multinational company engaged mainly in engineering services and aerospace systems, among other areas.

Both sides signed a memorandum of understanding at CIIE in order to boost cooperation in lean management services, safety production, talent cultivation and advanced chemical technology, among other areas.

A total of 229 enterprise participated in this year's CIIE, which was launched on Nov 5 and will run until Nov 10, up 20 percent year-on-year.

The expo was jointly held by the China International Import Expo Bureau and National Exhibition and Convention Center (Shanghai) Co in a bid to open China's markets to the world and promote trade liberalization and economic globalization.

Representatives of over 3,000 companies from 150 countries and regions are attending the expo, among which more than 250 are internationally leading companies.

During the expo, the Zhoushan municipal government also held a trade and investment forum for agricultural products, which attracted over 100 enterprises, institutions and associations from all over the world.