Company profile of Shandong Dongming Petrochemical Group

Dongming Petrochemical is a large state-owned enterprise. The company was founded in 1987. It currently has more than 4,000 employees, total assets of 12.6 billion yuan, including 8 billion yuan in fixed assets, and covers an area of ??4.8 million square meters. It has a crude oil primary processing capacity of 6 million tons/year and a secondary processing capacity of 2.4 million tons/year. It mainly produces high-grade gasoline, diesel, liquefied petroleum gas, solvent oil, liquid paraffin, polypropylene, high-grade road asphalt, petroleum coke, etc. Petrochemical series products cover Henan, Sichuan, Hubei, Hunan, Anhui, Jiangsu, Zhejiang, Fujian, Yunnan, Guangdong and other places. In 2009, it achieved sales revenue of 14.5 billion yuan, ranking 391st among the "Top 500 Chinese Enterprises" in 2010. It is one of the 500 largest enterprise groups in China, the top 500 most competitive Chinese large enterprise groups, the top 500 Chinese manufacturing industries, and the top 100 Chinese chemical companies. One of the top 100 enterprises in Shandong Province.

The company consists of eight secondary groups, two management centers and nine functional departments, and has overseas offices in Beijing, Jinan, Rizhao, Xinjiang, Shanghai, Hong Kong, Singapore and other places. The subsidiary Hengchang Chemical Group Company was listed on the Singapore Stock Exchange in 2007. Over the years, the Group has adhered to a sound business philosophy, adhered to a development path that combined connotation and extension, actively promoted energy conservation and emission reduction, advocated cleaner production, committed to environmental protection, innovated corporate management, and strived to build a resource-saving and environmentally friendly enterprise. The level and comprehensive benefits are constantly improving. At present, it has formed complete production and processing methods such as catalysis, coking, hydrogenation, distillation, and adsorption. It has complete supporting facilities such as thermoelectricity, acid water stripping, sewage treatment, sulfur recovery, and dry gas recovery. It has Qualifications for importing fuel oil, wholesale qualifications for refined oil, as well as modern logistics systems such as raw material transfer terminals, storage warehouses, 10-million-ton "Rizhao-Dongming" oil pipeline, dedicated railway lines, self-owned trains, raw material and finished product transfer warehouses, and logistics distribution centers.

With the correct leadership of party committees and governments at all levels and the support of all sectors of society, Shandong Dongming Petrochemical Group has actively implemented the "leap-forward" development strategy and successively invested funds around the construction of a 10-million-ton refining base in recent years. Nearly 10 billion yuan has been used to build a number of large-scale petrochemical projects. The scale of production continues to expand, economic benefits continue to grow, development changes with each passing day, and various tasks are prosperous. It has become a vanguard in the development of local refining and chemical enterprises across the country, and has been designated by Shandong Province as a construction site in southwestern Shandong. A leading enterprise in the petrochemical industry base. It has successively won the honors of National Civilized Unit, Chinese Environmentally Friendly Enterprise, National "Abiding by Contracts and Valuing Credit" Unit, National Outstanding Integrity Enterprise, National Enterprise Reform Demonstration Unit, National Advanced Unit for Corporate Culture Construction, "Best Credit Integrity Enterprise" in the Banking Industry, Shandong Province It has won many national, provincial and municipal honorary titles such as comprehensive resource utilization enterprise and Shandong Province management demonstration enterprise. Li Xiangping, Chairman and President of the Board of Directors, is currently a National Model Worker, a National Outstanding Entrepreneur, one of the “Top Ten Outstanding Young Entrepreneurs” in Shandong Province, and a representative of the 11th National People’s Congress.

In the next five years, Dongming Petrochemical will continue to adhere to the development strategy of "developing both oil and gas, complementing oil and gas, and striving to develop petrochemicals, coal chemicals, chlor-alkali chemicals and fine chemicals" in order to become one of the "Top 500 Chinese Enterprises" ", with sales revenue exceeding 10 billion yuan as a new starting point, with the goal of building "tens of millions of tons of refining capacity" and "an important energy and chemical base in Shandong Province", expand the scale of refining, accelerate the transformation of the chemical industry, "adhere to the scientific outlook on development, and base ourselves on The top 500 Chinese enterprises will strive to move up 200 places in the next 3-5 years." We strive to build a 100-billion-dollar enterprise and build Dongming Petrochemical into a new energy and chemical industry base with oil refining as the leader and integrating petrochemical, chlor-alkali chemical and coal chemical industries.

Dongming Petrochemical won the title of National "Abiding by Contracts and Keeping Promises" Unit, National Advanced Unit for Spiritual Civilization Construction, China's Top 100 Chemical Enterprises, AAA Bank Credit Enterprise, National First-Class Archives Management Enterprise, and Shandong Province Industrial Top 100 Enterprises. It has been awarded the honorary title of Strong Enterprise, Shandong Province Management Demonstration Enterprise, Shandong Province Management Innovation Outstanding Enterprise and other honorary titles. In 2001, it passed the ISO9001 quality certification. Chairman Li Xiangping was selected as one of the “Top Ten Outstanding Young Entrepreneurs” of Shandong Province, “Model Worker of Shandong Province”, and a representative of the Provincial People’s Congress. Dongming Petrochemical achieved sales revenue of 2.26 billion yuan in 2003 and profits and taxes of 200 million yuan.

From January to November this year, it achieved sales revenue of 2.67 billion yuan and profits and taxes of 182 million yuan. It is expected to achieve sales revenue of 3 billion yuan and profits and taxes of 200 million yuan for the whole year. Dongming Petrochemical adheres to the plan of "simultaneous development of oil and gas, complementary oil and chemical development, and comprehensive development" and implements the "four-step" strategy: the first step is to consolidate the oil refining platform. Give full play to economies of scale and lay a solid foundation for the development of downstream products. The second step is to highlight characteristic operations. Utilize the advantages of raw material resources to focus on the development of high value-added wax chemical projects such as paraffin, ozokerite, microcrystalline wax, and chlorinated paraffin. The third step is to complete the transformation of chemical industry. Develop natural gas chemical industry, coal chemical industry and fine chemical industry, and build a chemical industry platform. The fourth step is to form a large chemical industry pattern. Around 2007, 3-5 petrochemical groups of current scale were built.

Dongming Petrochemical Industrial Park has complete public works and a superior investment environment. In accordance with the principle of "implementation, development and reserve", priority is given to the development of projects with strong professionalism and high added value. It is planned to build a petroleum industry in the park. There are eight major divisions including chemical industry, coal chemical industry, chlor-alkali industry, wax chemistry industry, and fine chemical industry. The total project investment is expected to be 4.2 billion yuan, with sales revenue of 10 billion yuan and profits and taxes of 800 million yuan. Through the development of the "Three Five-Year Plans", we will realize the chain development of the petrochemical industry, give full play to the park effect of base, large-scale and intensive, and steadily improve economic benefits. After the planning goals are achieved, Dongming Petrochemical will enter the list of national large-scale enterprises and become an important petrochemical base in Shandong Province.