China Bluechemical Ltd.

Chemicals
NK: 3983
China
China Blue Chemical
CNOOC Group

On March 19, 2013, China BlueChemical Ltd was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, China Bluechemical Ltd remains on the SBA list of prohibited investments. 

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"The company was identified as a subsidiary of China National Offshore Oil Corporation (CNOOC). The parent company, CNOOC, has made statements that it and its affiliates and subsidiaries may be involved in countries under U.S. sanctions. Further, CNOOC has been identified as having drilling and other related operations in Iran. In May of 2011 the CalPERS Investment Committee approved divestment from the company."

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In June 2020, China Bluechemical was listed by the Connecticut Office of the Treasurer as a restricted company and therefore prohibits direct investment in the company due to its involvement in Iran. 

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In 2020, the U.S. state of Mississippi listed China Bluechemical on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering China Bluechemical ineligible for investment and/or state contracting.

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In 2013, one of CalSTRS' external managers purchased shares of China Blue Chemical Ltd. CalSTRS initiated a review of the company and designated it as "Divested and Restricted." CalSTRS has maintained the "Divested and Restricted" status in 2020. 

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China Bluechemical is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.

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China Bluechemical Ltd is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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China BlueChemical Ltd is listed on the CalPERS November 2018 Iran Divested/Restricted companies list.

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China Bluechemical Ltd is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.

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China Bluechemical Ltd is listed on the December 31, 2018 CalSTRs Portfolio of companies identified as possibly having ties to Iran and from which CalSTRs has divested from and restricted in 2018.

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In 2017, the states of Alaska, California, Connecticut, Florida, Georgia, Mississippi, Ohio, South Dakota and Texas  listed China Blue Chemical Ltd. on its Iran scrutinized companies list rendering China Blue Chemical ineligible for investment and/or state contracting.

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In 2013, ChinaBlue Chemical was listed on the Texas Pension Review Board List of Scrutinized Companies doing business in Iran pursuant to Chapter 807.054, Government Code.