Zuo Quan Hongyuan Coal Chemical Industry Group Co., Ltd. was established in 1998, located in the east of Ma Li Village, Shi Xia Township, Zuoquan County. The company covers an area of 3 16055 square meters (474 mu), with a registered capital of10325 million yuan and total assets of 606.5 million yuan, including fixed assets of1520 thousand yuan, current assets of1475 thousand yuan and mining rights of 357 million yuan. The company has 6 subsidiaries, 1 branch. It is a group enterprise integrating raw coal mining, washing, mining machinery and equipment manufacturing, education, science and technology, real estate development, agricultural product planting and biomass research and development.
Shanxi Hongyuan Science and Technology Co., Ltd. aims at implementing Scientific Outlook on Development, promoting scientific and technological progress with science and technology as the primary productive force, replacing and saving petroleum energy with green plants as the core, developing circular economy with polymer materials as the focus, cultivating new industrial growth points, realizing industrial industrialization in high-tech fields, thus realizing industrial structure adjustment and broadening economic growth mode. In 2005, after full and in-depth market research at home and abroad and strong support from governments at all levels, the project of "Producing Polyundecylamide Plant Engineering Plastics and Products from Biomass" was introduced and developed from China Roy Group, which realized the industrialization and localization of Polyundecylamide Plant Engineering Plastics in China, broke the long-term monopoly of foreign countries on the global market and filled another gap in the field of new materials in China.
In order to ensure the production and supply of core raw materials of this project, develop large-scale planting and breeding, develop agricultural products processing industry, implement the policy of "industry feeding agriculture" and promote the development of agriculture and rural areas, Shanxi Hongyuan Technology Co., Ltd. and Wulihou Village, Liaoyang Town, Zuoquan County jointly initiated the establishment of Zuoquan County Hongyuan Pastoral Seed Industry Co., Ltd. with a registered capital of 1 10,000 yuan. Form the production and management pattern of enterprises, carry out castor planting, cultivate high-quality castor seeds suitable for regional planting, and establish a one-stop industrial chain of production, processing and sales of "company+base+farmer", so that castor industry will become a high-tech emerging industry with great development prospects and promote the rapid development of regional economy and biomass energy industry.