In the afternoon of August 2nd, Wang Qinmin, Vice-Chairman of the CPPCC and Chairman of the All-China Federation of Industry and Commerce, inspected Shenghong Petrochemical Group for its project construction and its industrial development, accompanied by Zhang Tongsheng, President of the Municipal PCC of Lianyungang , and other leaders. Miao Hangen, chairman and president of Shenghong Holding Group, made a report on the situation of the company. Shenghong Petrochemical Group leaders Bai Wei and Wang Hua took part in the activity.



In the central control room of Jiangsu Sailboat Petrochemical Co. Ltd., chairman Miao Hangen introduced the construction and development situation of the industrial park of Shenghong Petrochemical Group. He said, “Relying on port advantage, location advantage and industrial advantage, we work on building new petrochemical industry clusters and developing high-end petrochemical projects, striving to construct internationally competitive petrochemical industry bases, logistics centers and research bases.” At present, the funds invested has reached about 30 billion yuan. Projects including alcohol-based poly-generation with an annual production of 2,400,000 tons , PTA with an annual production of 1,500,000 tons, liquid chemical warehouse of almost 1 million cubic meters, liquid chemical wharf with 3 berths, CHP and etc. have been built. At the same time, the company is positively starting new projects including oil refining with an annual production of 1,600,000,0 tons, para-xylene with an annual production of 280,000,0 tons, ethylene and its downstream derivatives with an annual production of 1,100,000 tons, matched crude oil wharf of 3,000,00 tons, IGCC and etc.. The total investment is about 75 billion yuan. At present, all early stage work of the refining-chemical integrated project are progressing well. It is planned to start the project as soon as this year and complete the project in 2020. Chairman Miao Hangen expressed that each project of Shenghong Petrochemical Group adopted internationally advanced technology, expanded and perfected industrial chain, had a reasonable product structure and a large market demand for its products, and that all this showed that Shenghong people actively responded to the call for the national supply-side structural reform.

Chairman Wang Qinmin pointed out that Shenghong Petrochemical Group had a scientific industrial layout and a reasonable industrial structure and was in line with the policy direction of the national supply-side structural reform, being a model enterprise in developing high-end  petrochemical industry. He emphasized that relevant departments should enhance the consciousness of initiative service and provide convenient conditions for the development of enterprises and that the federations of industry and commerce at all levels in our country, as the “natal family” of enterprises, should especially take the initiative to know the problems existing in the development of enterprises and come up with solutions to actively help enterprises solve the problems in construction and operation, boosting the further enlargement and development of enterprises.