Introduction of Shandong Energy Group:
Shandong Energy Group is a large-scale energy enterprise group, which was approved by the Shandong Provincial Party Committee and the provincial government in July 2020 and reorganized by the former Yankuang Group and the former Shandong Energy Group.
Shandong Energy Group has more than 20 secondary enterprises such as Yankuang Energy, Xinkuang Group and Zaokuang Group, and 9 listed companies at home and abroad. It was selected as the benchmark enterprise of state-owned key enterprises in the State Council SASAAC, and was rated as a model enterprise of corporate governance by the State Council SAAC, becoming the only enterprise selected as a state-owned enterprise group in Shandong Province.
Shandong Energy Group takes mining, high-end chemicals, electric power, new energy and new materials, high-end equipment manufacturing and modern logistics trade as leading industries.
Shandong Energy Group's coal industry has a domestic and international production capacity of 340 million tons/year, ranking third in the national coal industry. Intelligent mining technology is first-class in China, independently developed the world's first highly reliable mining 5G private network system, and built nine first-batch national intelligent demonstration mines. Output of high-end chemical products such as polyformaldehyde, caprolactam and ethylene glycol in chemical industry160,000 tons. A number of large-capacity and high-parameter units have been built in the power industry, with an existing installed capacity and a capacity under construction of 20 million kilowatts. The new energy and new materials industry will build a provincial-level new energy investment platform, actively and orderly develop the 4 million kilowatts offshore wind power project in Bozhong, and promote the integrated development of wind, energy, grid and storage. Donghua Heavy Industry Company, a high-end equipment manufacturing company, has become a global supplier of Caterpillar hydraulic support products. Modern logistics trade industry initiated the establishment of Shandong International Commodity Exchange Center.