[Ocean Petrochemical News] The ranking of China's top ten private petrochemical companies is released
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No.1 Hengli Group annual revenue: 307.9 billion yuan province: Jiangsu Hengli Group is an enterprise whose main business is the manufacturing of petrochemicals and related products. The group is not only one of the top ten private enterprises in China, but also one of the Fortune Global 500 companies (ranked 235th in the world in 2018). This company started with the textile business and continued to extend upstream, forming a huge petrochemical business chain. The "Hengli 20 million tons/year refining and chemical integration project" currently under construction by the group is China's first major refining and chemical integration project open to private enterprises. There are currently only three integrated refining and chemical projects in China with a production capacity of more than 20 million tons per year. Therefore, this project also fully reflects the super strength of Hengli Group. In addition, Hengli Group also owns the PTA (purified terephthalic acid) plant with the largest monomer production capacity in the world. With the development of new projects, its annual PTA production capacity will reach 11.6 million tons/year in the future.
No.2 Xinao Group Co., Ltd. annual revenue: 127 billion yuan province: Hebei Xinao Group is one of the largest natural gas companies in China. It initially relied on gas distribution business to develop and grow. It has now formed a complete natural gas industry chain including downstream natural gas distribution, midstream trade storage and transportation, and upstream production and extraction. There are only a handful of companies with such a complete industrial chain in China, and they are even rarer among private enterprises. In 2018, ENN Group also ushered in a major new chapter in its development. In August, the Zhoushan LNG receiving station built by ENN Group was put into operation, strengthening its strong competitiveness in the domestic natural gas field. This LNG receiving station is China’s first large-scale LNG receiving and bunkering project wholly owned by a private enterprise. * * It is the first large-scale LNG receiving station project invested by a private enterprise approved by the Energy Bureau.
o.3 Annual revenue of Zhejiang Rongsheng Holding Group Co., Ltd.: 106.6 billion yuan province: Zhejiang Rongsheng Group is one of the fastest growing petroleum and petrochemical companies in China today. Founded in 1989, it has formed a one-stop production line from aromatics to downstream purified terephthalic acid (PTA) and polyester (PET, including bottle flakes and films), and polyester yarn (POY, FDY, DTY). However, what is more eye-catching about Rongsheng Group is that it is involved in the construction of an epic petrochemical project that has attracted much attention in the industry at the moment - the Zhejiang 40 million tons/year integrated refining and chemical project. Once completed, this project will become the largest integrated refining and chemical project in China. For more oil product information and oil blending technology, please follow the WeChat public account Oil Product Circle. Rongsheng Group is bound to become one of the most competitive petroleum and petrochemical companies in China.
No.4 Shenghong Holding Group Co., Ltd. annual revenue: 105 billion yuan province: Shenghong Group, which comes from Jiangsu Province, started its development in the textile industry and is now an innovative high-tech industrial group with petrochemicals, textiles and energy as its main businesses. It is worth noting that this company's industrial chain is continuing to deepen into the petrochemical field. At present, Shenghong Group is planning to build an integrated refining and chemical project with a capacity of 16 million tons/year of oil refining, 2.8 million tons/year of aromatics, 1.1 million tons/year of ethylene and downstream derivatives, as well as supporting projects such as a 300,000 tons of crude oil terminal, 3.5 million cubic meters of storage and utility islands, with a total investment of approximately 77.5 billion yuan. This large-scale refining and chemical integration project is located in Lianyungang, Jiangsu Province. Once the project is completed, it will undoubtedly help Shenghong Group become a new generation of petroleum and petrochemical giants in China.
No.5 Zhejiang Hengyi Group Co., Ltd. annual revenue: 104.7 billion yuan province: Zhejiang Hengyi Group is another private enterprise from Jiangsu and Zhejiang. The company has a development history of nearly 40 years and currently specializes in the production of chemical fibers and chemical fiber raw materials. It now has an annual production capacity of 13.5 million tons of PTA, 7.3 million tons of PET, 600,000 tons of DTY, 300,000 tons of CPL, and 465,000 tons of PA6. Hengyi Group is currently very well-known in the Chinese petroleum industry. Its Brunei Pulau Muara (PMB) petrochemical project in Southeast Asia is known as one of the four major private refining and chemical projects in China (the other three are projects of Hengli Group, Rongsheng Group, and Shenghong Group). Petrochemical companies from Jiangsu and Zhejiang, represented by Hengyi Group, have developed rapidly in recent years and are becoming the backbone of the petroleum and petrochemical industry.
No.6 Shandong Dongming Petrochemical Group Co., Ltd. annual revenue: 90.6 billion yuan province: Shandong Dongming Petrochemical is the leading enterprise in Shandong local refining. Its current crude oil processing capacity reaches 15 million per year. It has the qualifications to use imported crude oil and the non-state trade import qualification of crude oil. Dongming Petrochemical has been deeply involved in the refining and chemical industry for many years and has a profound influence in the petroleum industry. * * Oil companies, Saudi Aramco, BP and other world-class enterprises have carried out various cooperation. As a representative of China's underground refining industry, Dongming Petrochemical is currently continuing to pursue transformation and upgrading, planning and constructing high-end petrochemical projects, and has proposed the goal of entering the "Fortune 500".
No.7 Wanda Holding Group Co., Ltd. annual revenue: 83.6 billion yuan province: Shandong Wanda Group is a large international enterprise group covering port logistics, petrochemical rubber, international trade and other industries. It is also one of the largest petrochemical companies in Shandong and owns a number of petroleum and petrochemical companies. The company has imported crude oil usage quotas, crude oil non-state import trade quotas, and refined oil wholesale business qualifications. It can produce gasoline, diesel, liquefied gas, propane, propylene, petroleum coke and other petrochemical products.
No.8 Lihuayi Group Co., Ltd. annual revenue: 75 billion yuan province: Shandong Lihuayi Group is a large-scale joint-stock enterprise group with petrochemicals as its leading industry and diversified operations across industries. Mainly engaged in the production and operation of petrochemical, pharmaceutical, textile, chemical fiber, clothing, butanol, octanol, MTBE, butane, thermoelectric, phthalic anhydride and other products. Lihuayi Group also has qualifications for the use of imported crude oil, non-state trade import qualifications and quotas for crude oil, export qualifications and quotas for refined oil products in processing trade, independent import qualifications for fuel oil and wholesale business qualifications for refined oil products.
No.9 Shandong Tokyo Bo Holdings Co., Ltd. annual revenue: 57 billion yuan province: A large private enterprise in Shandong Province whose main business is petrochemical industry and integrates petroleum refining and subsequent deep processing. Its primary crude oil processing capacity is 3.5 million tons/year. Jingbo's petrochemical products include three major segments: high-efficiency fuels, high-end chemicals, and high-performance materials. Its business covers more than 10 provinces and cities across the country. This company is also an enterprise that attaches great importance to technological innovation and has carried out technological innovation cooperation with more than 50 universities and scientific research institutions at home and abroad.
No.10 Shandong Haike Chemical Group’s annual revenue: 55 billion yuan province: Shandong Shandong Haike Chemical Group is located in Dongying City. It is a comprehensive chemical enterprise group integrating petrochemicals, new energy materials, semiconductor chemistry, nutrition and consumer chemistry, medicine, financial logistics and international trade. This company can produce gasoline of National V standard No. 98, No. 95, No. 92, etc., and has cooperative relationships with world-class petroleum and petrochemical companies such as Shell and BP.