Corporate News



Founded in 1999, Lianyungang Petroleum Distribution Group Co., Ltd. is a shareholding enterprise with natural persons as shareholders. It is a wholesale and retail enterprise of refined oil products approved by the Ministry of Commerce of the People's Republic of China. 

Its main business is the sales of refined oil products, liquefied gas and petrochemical production and processing and sales. Lianyungang Chaoyuan Chemical Co., Ltd. is a wholly-owned subsidiary of Lianyungang Petroleum Distribution Group Co., LTD., mainly engaged in petrochemical, production, processing, sales and related products business, the company is located in the west of changji State national high-tech development Zone, Changji State, Hutubi county key industrial enterprises. 

The company covers an area of more than 415 mu, 60 kilometers away from Urumqi city, urumqi airport more than 40 kilometers, the geographical position is superior, convenient transportation. Lianyungang Chaoyuan Chemical Co., LTD invested in the petroleum resin project with an annual capacity of 150,000 tons in 2008. In 2012, it was wholly acquired by Lianyungang Petroleum Distribution Group Co., LTD., with a registered capital of 150 million yuan. 

In addition, funds for expansion and renovation were further invested to build 48,000 tons of raw oil and finished oil storage, and 57,000 tons of crude oil and finished oil storage capacity was formed. 

On February 21, 2013, Changji State Development and Reform Industry (2013) No. 121 document was filed and approved for xinjiang Chaoyuan Chemical Co., LTD. 's annual output of 300,000 tons of industrial white oil and 1 million tons of road asphalt project. 

The project was completed in two phases: Built 1 million tons of pretreatment device, a period of 200000 tons of high pressure hydrogenation industrial white oil, is now a phase of the project is carried out, can be put into production in May, 2015 road asphalt production 550000 tons, 20000 tons of transformer oil, rubber filled with 100000 tons of oil, refrigeration oil 60000 tons, 03000 tons of refined naphtha, solvent series 17000 tons of oil. 

In the second phase, a pretreatment unit of 1 million tons and supporting hydrogenation unit will be built, which is expected to be put into operation in July 2016. 

The second phase will produce 300,000 tons of light oil, 250,000 tons of lubricating oil, 100,000 tons of paraffin grade industrial white oil and 350,000 tons of asphalt. 

The 200 kg high pressure hydrogenation technology is the first private enterprise in Xinjiang and the third private enterprise in China. Hydrogenation technology in refining and chemical enterprises is the world first-class level, the project and CNPC refining company is a similar project, CNPC, sinopec is the best benefit of the enterprise.