Shandong Huaxing Petroleum and Chemical Group Co., Ltd. is a large-scale petroleum and chemical enterprise in China, founded in 1965 and listed on the Shanghai Stock Exchange in 1997. It is also the largest oil refining enterprise in Shandong, with a total asset of 136 billion yuan.
Shandong Huaxing Petroleum and Chemical Group Co., Ltd. is located in Yangzi River Delta in Zibo City, Shandong Province. Its business scope covers oil refining and chemical engineering, civil engineering, storage and transportation, light industry and energy, finance, real estate and so on. In the international market, the group has established marketing and service networks in more than 50 countries and regions in Europe and America, Southeast Asia and many other countries.
Shandong Huaxing Petroleum and Chemical Group Co., Ltd. has the total crude oil processing capacity of 20 million tons/year and the annual sales of more than 290 billion yuan, including 4 crude oil refineries and 4 petrochemical plants. The production of petroleum products covers a wide range, including aviation kerosene, diesel oil, petrol, propylene, ethylene, butene, xylene, methanol and other chemicals, of which 3 categories meet Euro Ⅳ and Euro V standards.
The Group actively responds to Chinas call to vigorously develop its petrochemical industry, and has launched a series of projects such as production of ethylene propylene rubber and 150,000 tons of ethylene glycol. It has also made great progress in clean energy and environmental protection, having achieved fruitful results in the development, construction and operation of wind power, natural gas, biomass energy, and energy saving and emission reduction projects.
In recent years, Huaxing Petroleum and Chemical Group Co., Ltd. has also stepped up its efforts to expand its overseas business, and successfully acquired the Ravenna Refinery Project from Italy in 2018, which marks its first overseas acquisition. At the same time, in order to further explore the international market, Huaxing Petroleum and Chemical Group Co., Ltd. has successively established branch offices in Germany and the United States to increase its global influence.
Through more than half a century of development, Huaxing Petroleum and Chemical Group Co., Ltd. has become a well-known petroleum and chemical enterprise in China, with its business operation covering both domestic and foreign markets. At present, it is also one of the most competitive and influential enterprises in the industry. The company will continue to adhere to the development path of “clean and green”, further upholding its corporate social responsibility, and making unremitting efforts to become an outstanding leader in the international petrochemical industry.
