1975 cooperated with the government to promote the petrochemical industry, and participated in investing in Donglian Chemical to produce polyester raw material ethylene glycol (EG). 1990 Established Alberta &; Dongfang Ethylene Glycol Co., Ltd., which uses natural gas to produce ethylene glycol, has the advantage of low cost (after several equity changes, the current joint venture partner is MEGlobal).
Subsequently, in order to ensure purified terephthalic acid (PTA), another important raw material for polyester production, Far East Group reached an agreement with British businessman brunner mond &:co .(ICI) to set up a joint venture in Taiwan Province Province to produce PTA. In 2008, Far East Group acquired all the shares of the company and changed its name to Yadong Petrochemical Co., Ltd., with an annual production capacity of 6.5438+00,000 tons. In addition, in the face of the rapid growth of China's polyester industry, Far East Group established Yadong Petrochemical (Shanghai) Company, and formally put into production PTA in Shanghai, Chinese mainland in 2006, with an annual output of 740,000 tons.
At present, the business map of Donglian Chemical Company has been extended to the fields of special chemicals and industrial gases, producing ethanolamine (EA), ethylene carbonate (EC) and various industrial gases. In 2008, it is planned to establish the production base of ethylene oxide derivatives (EOD) and EA in Yangzhou, Chinese mainland. And actively develop into biotechnology and renewable energy, expand the scope of enterprise innovation, and achieve the goal of diversification.
Jiahui Power has extended the technical experience of waste heat recovery and power generation in cement plants for Far East Group. In line with the government's long-term power development plan and the latest investment fields, the power supply is now switched to 670,000 kilowatts.