After more than 20 years of development, it has become 224 of the top 500 in China (in 2020). Since its establishment, the company has been focusing on the import and deep processing of alkane resources, committed to combining international high-quality alkane resources with China's broad market demand, and relying on the high-quality alkane resources of associated gas in Middle East oil fields and shale gas in North America, vigorously developing strategic emerging industries and building the largest polypropylene new material and hydrogen energy producer in China. Headquartered in Nanjing, the ancient capital, Donghua Energy has three industrial bases: Ningbo base, Zhangjiagang base and Maoming base, focusing on the production of new polypropylene materials and hydrogen energy.
I. Scope of business:
Production of liquefied petroleum gas, propylene and polypropylene at low temperature and atmospheric pressure; Store chemical products (methanol, n-propanol, isopropanol, n-butanol, isobutanol, toluene, xylene, o-xylene, p-xylene, styrene, propane, butane); Providing wharf facilities services for ships; Provide cargo handling, warehousing and logistics services in the port area, entrepot trade, wholesale, import and export and commission agency of chemical products (operating within the scope approved by the commercial department), and after-sales technical services of the company's own products. (Projects subject to approval according to law can only be operated after approval by relevant departments).
Second, the industrial logic:
Donghua Energy Investment Logic (new material hydrogen energy producer).
With the success of shale gas revolution, the world energy utilization is developing from "heavy oil and heavy chemical industry" to "light oil and light chemical industry". Donghua Energy followed the historical trend and developed the propylene industry by using foreign propane resources and international advanced propane dehydrogenation (PDH) technology, which created conditions for the vigorous development of the downstream propylene industry, especially the new polypropylene material industry, and promoted the great development of high-end polypropylene composite materials. At the same time, propane dehydrogenation produces a lot of cheap and high-purity by-product hydrogen, which greatly reduces the operating cost of hydrogen energy industry, cultivates hydrogen fuel cell industry, promotes the rapid development of hydrogen energy industry in China, and opens a new chapter in hydrogen energy industry.
Donghua Energy is a pioneer in strategic emerging industries. Adhering to the development concept of green, environmental protection and low carbon, based on the Yangtze River Delta and Pearl River Delta, two important polypropylene new materials markets (accounting for more than 70% of the national market) and hydrogen energy application markets, and taking high-end polypropylene composite new materials and hydrogen energy as the development direction, the company actively builds two important new materials and hydrogen energy production bases in Ningbo and Maoming, providing core basic raw materials for the upgrading of new materials and new energy industries in China.