Fuhai Group New Energy Holding Co., Ltd. (“Fuhai Holding”) is a large-scale energy and chemical enterprise that integrates petrochemical, new chemical materials, logistics and distribution and terminal retail businesses. As one of the Top 500 Chinese enterprises, Fuhai Holding is committed to building a low-carbon and energy-saving industrial chain and providing a safe, green, intelligent, open and conscientious energy and chemical platform so as to lead and promote industry development and form a stable and harmonious development community with its affiliates. It has won more than one honorary title, such as the 19 China Quality Award, National High-tech Enterprise and National Green Factory.
Fuhai Holding invests hugely in developing energy and chemical industry. Relying on the two production bases, namely, Dongying Hualian Petrochemical Co., Ltd.and Dongying United Petrochemical Chemical Co., Ltd. with an annual crude oil processing capacity of up to 10 million tons. It is able to process 10 million ton cruel oil per year, with more than 10,000 dealers at home and abroad, more than 800 self-built, franchised, and cooperative oil and gas stations, and over 2,000 hazardous chemical transportation vehicles with a combined transportation capacity of 20 MTPA.
Following the development concept of "focusing on main businesses, platform empowerment, competition & cooperation symbiosis, and high-end brand" . It has set a two-decade goal of development and endeavored to integrate the aromatics and olefins industrial chains and advance into the field of new chemical materials. By relying upon its 2 MTPA PX project, 2.6 MTPA heavy oil hydrocracking project and 2.5 MTPA PTA project, the company is vigorously promoting the construction of a 1.5 MTPA polyester packaging material project. On completion of all the projects, the company will be the first with a complete chain of refining-PX-PTA-polyester industrial chain in Shandong Province.
Fuhai Holding is positive in promoting innovative development strategies and building an integrated research and development system. Fuhai Research Institute has set up at the same time two R&D bases in Dongying and Shanghai, focusing on development of cutting-edge technologies and technical integration in the fields of olefin copolymer and differentiated polyesters. It aims to build a value chain of basic chemical raw materials - key monomers - high-performance polymers - terminal application development by combining with production and research.As a return, the membrane-grade polysulfone resin technology independently developed by Fuhai Holding has reached internationally advanced standards and has been included in Shandong Province’s major development program (major technical innovation project). The plant based upon the technology has been put on-stream and provided more value to the company.
Fuhai Holding will firmly follow the path of refining and chemical integration and work hand in hand with its domestic and foreign partners to become an integrator at the top of the value chain in the energy, chemical, and new materials fields and a provider of highly added value. It strives to make itself a one hundred billion energy and chemical industry group with integrated refining, chemical and high-quality materials.
