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Lu’an Chemical Group and Huaxin Gas Group sign a strategic cooperation agreement. Author/Source: Coal Tar Deep Processing and Hydrogenation Technology Collaboration Group. Date: 2021-07-23. Clicks: 4. On July 20, Lu’an Chemical Group and Huaxin Gas Group held a ceremony to sign the strategic cooperation agreement and held working discussions. Ma Junxiang, Deputy Secretary of the Party Committee and General Manager of the group, and Cui Jianjun, Deputy Secretary of the Party Committee and General Manager of Huaxin Gas Group, had in-depth discussions on further deepening practical cooperation. Both Lu’an Chemical Group and Huaxin Gas Group are provincial-owned enterprises; they share a common background in their establishment, similar corporate characteristics, and similar development goals. In particular, there are strong opportunities for strategic cooperation in the development of coalbed methane industry. As sister organizations, the two sides have strong industrial complementarity and a solid foundation for cooperation. It is hoped that both sides will take this cooperation agreement as an opportunity to actively forge a new landscape of strategic partnership, carry out comprehensive and practical cooperation on a broader scale, in more fields, and at a deeper level, so as to jointly blaze a new path for transformation and development. In their future practical cooperation, the two sides will define the direction of strategic partnership, establish effective coordination mechanisms, actively explore efficient models of cooperation, ensure seamless integration, complement each other’s strengths, and work together to promote mutually beneficial and win-win outcomes in their collaboration. The heads of the relevant departments from both sides also exchanged views on specific tasks such as coalbed methane extraction, gas drainage technologies, and the comprehensive utilization of gas. Lu’an Chemical Group: Established by the Shanxi Provincial Party Committee and the provincial government as part of a strategic plan to address the overall transformation and reform efforts across the province. This plan aims to optimize the allocation of state-owned assets, deepen reforms in state-owned enterprises, shift the economy away from over-reliance on coal toward a more diversified economic structure, and enhance the concentration and competitiveness of the chemical industry. The company is based on the coal chemical integration industry of the former Lu’an Group, which is one of the world’s top 500 companies. By integrating and reorganizing the high-quality chemical assets of related provincial-owned enterprises as well as the coal mines that supply raw materials, it has become the largest and strongest chemical enterprise group in the province. It is the only provincial-owned key enterprise engaged in the chemical industry in Shanxi Province, established as a result of the strategic restructuring of state-owned enterprises there. The company was registered in the High-Tech Zone of Changzhi City in August 2020, with a registered capital of 20 billion yuan, and it officially commenced operations on November 26, 2020. On April 12, 2021, the management rights of 7 enterprises under Huayang New Materials Group were transferred. As of now, the total assets amount to approximately 330 billion yuan, with a total workforce of around 120,000 people. Huaxin Gas Group: Huaxin Gas Group Co., Ltd. (hereinafter referred to as “Huaxin Gas”) was established in September 2020 with the approval of the Shanxi Provincial Party Committee and the provincial government. It is a state-owned enterprise founded through the restructuring of Shanxi Guoxin New Energy Development Group Co., Ltd., Shanxi Gas Group Co., Ltd., and Shanxi International Energy Group Gasification Investment Management Co., Ltd. The registered capital is 8 billion yuan, and the registration address is in Jincheng City, Shanxi Province. As the largest comprehensive gas enterprise under provincial ownership, Huaxin Gas is responsible for all aspects of the gas industry chain, including exploration and development, resource storage and transportation, comprehensive utilization, equipment manufacturing, and technological innovation, thereby providing public gas service solutions for the entire province. The company currently has total assets of around 91 billion yuan, with over 30,000 employees. It owns two listed companies: Shanxi Lanyan Holding Co., Ltd. and Shanxi Guoxin New Energy Co., Ltd.