Oriental Energy Co., Ltd.
东华能源
002221
Shenzhen Stock Exchange
Company Profile
Adopt the Whole Industry Chain Model:The “propane-propylene-polypropylene” whole industry chain model that we adopt which covers upstream, midstream and downstream products will help enhance our risk-resistance and profit-making capabilities, forging a good circle of “production boosting trade and trade boosting downstream sectors”, therefore fully demonstrating our scale advantages and collaborative advantages.Follow the National Strategy:Our new material sector has been incorporated into one of the emerging sectors of the country’s 13th Five-Year Plan. We firmly adhere to the national strategy by focusing on gas resources and its downstream petrochemical products such as polypropylene. We will put more efforts on the R&D and process technology innovation, fostering new driving force and highlights in our future growth.Hold Tremendous Potential for Hydrogen Energy:After the completion of all our projects as scheduled, there is an estimated production of 200,000 tons of hydrogen per year as the by-product of PDH plants, which will be applied for the development of hydrogen fuel cells and hydrogen refueling stations. The hydrogen energy sector will foster fresh impetus to our sustaining growth as one of our major strategies.Supply-chain Finance:We strongly advocate the national “Internet plus” policy and emphasize its application to the plastic and manufacturing sector, for example, use the IoT technology to arrange capital financing and understand the latest resource demands. We provide high-quality financial services for the upstream and downstream of the industry chain based on the supply chain, reliable credit system and information-sharing.
Full description
Oriental Energy Company Limited, founded in 1996 and listed on Shenzhen Stock Exchange in 2008. After more than 20 years of efforts, the company has successfully transformed from the world’s largest LPG trader and China’s largest LPG importer into the world’s largest propane dehydrogenation manufacturer. The company’s main business sectors include: (1) PDH draw up propylene. Using propane as raw material, propylene is produced through PDH process; (2) polypropylene is polymerized into polypropylene through propylene monomer; (3) sale and comprehensive utilization of high purity hydrogen. At present, a set of 600,000 tons PDH and a set of 400,000 tons PP have been completed and put into production at the Zhangjiagang base, while two sets of 600,000 tons PDH and three sets of 400,000 tons PP have been completed and put into production at the Ningbo Base. Currently and for some time to come, the company will speed up the construction of the Maoming Project, based on the Green Chemical Industry, “Based on Maoming, facing the South China Sea and embracing the world”, and gather the partners of the whole industrial chain at home and abroad, driven by industry, R & D and Financial Innovation, we will develop high-end polyolefins, engineering plastics, special rubber, functional bio-based materials, 3d printing, metal (catalytic) polymerization, nano-composite and biodegradable materials, etc. , building an independent and controllable base of new polymer material industry.