Shandong Haihua Coal and Chemical Co., Ltd.
Shandong Haihua Coal and Chemical Co., Ltd. (hereinafter referred to as “the Company” or “Haihua”) is a wholly-owned subsidiary of Shandong Energy Group, and is a large-scale coal and chemical enterprise integrating the mining and washing of coal, the production and sale of coal chemicals, the production and sale of power on the coal power grid, and the transportation, storage and marketing of coal end products.
The Company’s main business involves coal mining and washing, coal chemical products production and sale, and coal-fired power generation. In terms of coal mining, Haihua owns the Huishan Coal Mine and Changji Coal Mine, which have exploited over 180 million tons of coal resources, with a combined annual production capacity of 8.6 million tons, and an ore washing capacity of 8.6 million tons or more.
In terms of coal chemical products, the Company owns a 2800kt/a methanol project, two 2200kt/a gas collection and cracking projects, two 700kt/a coal into olefin projects and two 540kt/a naphtha cracking projects. The coal-fired power generation will have a total capacity of 1.06 million kilowatts, with a coal-fired power generation capacity of 660,000 kilowatts.
Meanwhile, Haihua also owns a rail transportation network with a total length of 60 km and a subordinated storage capacity of 150,000 tons. This comprehensive transportation network is critical for the Company for transporting coal, chemical products, power equipment and other products to the customers.
Haihua has introduced advanced scientific management concepts from the West and has devoted itself to the development of green and low-carbon industry. The Company proactively adheres to the modern enterprise system and management idea of safety, environment, quality and efficiency and continually improves its management level.
The Company’s business has been officially listed on the Shanghai Stock Exchange on January 13, 2011 with the stock code 601898, thus undergoing a transformation from traditional business to modern enterprise and modern finance.
The Company adheres to its development concept of establishing an international advanced company through innovation and using science and technology to promote development. It is committed to becoming a large-scale, advanced and green coal and chemical enterprise, and strives to become an industry leader in green energy and advanced materials in China.
