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Established in October of 2009 and with a registered capital of CNY164 million, Shandong Orient Hongye Chemical Co., Ltd is a major Chemical Experimental Agency of the National Rubber & Engineering Technology Researching Centre. The company has more than 600 employees of which the 60% have college education. Covering 80 hectares land and located at the crucial node of the Blue Economy Zone of Shandong Peninsula, the High-end Industry Gathering Zone of Jiaodong Peninsula and the High-efficiency Economy Zone of Huanghe Delta which are in the Bohai Economy Circle, the company has the advantages of convenient transportation and conspicuous location policy. The main products of Orient Hongye include PP, PB-1, Hydrogen peroxide solution, Propane, Gas for Civilian, ISO-butane, N-butane, MTBE, Aromatic Hydrocarbon, Triisobutylaluminum, etc.
In 2015 as the upgrade of products, the profit and social influence ability of the company was further improved. Achieving sales revenue of nearly 3 billion CNY, the company was awarded "Outstanding Contribution Enterprise" and was selected as "the top 20 corporate taxpayer"
With the joint efforts of all cadres and staff and by the support from government of different levels, the company achieved rapid development, gained several honorary titles including "Top Ten Growing Small & Medium Enterprises of Weifang", " Water-saving Enterprise of Weifang", "Demonstration Enterprise of Performing Social Responsibility of Shandong Province", "Excellent Private Enterprise of China Petrochemical Federation", etc and was listed in "the Top 500 of National Chemical" as "China Petrochemical Industry Scientific and Technology Innovation Demonstration Enterprises" and " High-tech Enterprise of Shandong Province". In 2016 the company ranked 63rd among China's top 100 private enterprises in petroleum and chemical industry.
The company adheres to the people-oriented management philosophy: To create a first-class platform, to gather first-rate talent, to create first-class value as the development direction; To develop the positive, dynamic and harmonious new type chemical enterprise by the modern management, efficient management group, high-quality products and customer-centered service concept.
Engaged in the researching and utilization of petrochemical products and sighting the trends of international first rate technology and industry, the company is making every effort to build high-tech petrochemical enterprise. Owning a number of independent intellectual property rights of liquefied gas further processing technology and the unique high isotacticity polybutylene-1 (PB) invention patent, the company plans to adopt advanced technology for high value added products. Besides, the company also will develop marketable polymers by utilizing the surrounding abundant liquefied gas sources.
In 2015, through the consecutive technology research, development and improvement, the industry status and scale advantage of the company in the liquefied gas further processing field were continuously deepened and expanded. And on that base the company gradually achieved the strategic plan of "marching into the spheres of new polymer material and synthetic rubber". 515 million CNY was invested for the project of high isotacticity polybutylene-1 (PB), which was the first domestic large production device with a yield of 50000 tons per year.
Through our endeavor in the following 3-5 years, the chemical industry garden covering the three major areas of further liquefied gas processing, Polymer new material and synthetic rubber will begin to take shape. And the company will be a comprehensive, massive and ecological chemical enterprise with a annual sales revenue of 30 billions CNY, profit and tax about 3 billion CNY.