Tianyuan Chemical Company was originally a private enterprise on the verge of bankruptcy, but the patented technology of coal tar hydrogenation with independent intellectual property rights attracted Shaanxi Coal Chemical Group, which was laying out modern coal chemical industry in northern Shaanxi at that time. So Shaanxi Coal Chemical Group extended a helping hand and injected huge sums of money to reorganize Tianyuan Chemical. And organize experts to re-demonstrate, research and improve the original process, optimize, improve and eliminate the problems and design defects of the original device, such as small operating flexibility, harsh reaction conditions, poor safety and stability, and finally enlarge the production scale to 500,000 tons/year. At the same time, try our best to solve the difficulties in raw materials, transportation, projects and talents for Tianyuan Chemical.
The abundant capital and management advantages of large state-owned enterprises combined with the technology of private enterprises have revived Tianyuan Chemical. The combination of the two advantages not only saved an enterprise, but also created a new cooperation model. More importantly, it has seized the commanding heights of modern coal chemical industry in China and promoted the development of coal chemical industry.