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[Abstract]:
Dongying Yatong Petrochemical Co., Ltd. is a large comprehensive petrochemical enterprise integrating warehousing, logistics, deep processing, import & export, international trade.

Dongying Yatong Petrochemical Co., Ltd. is a large comprehensive petrochemical enterprise integrating warehousing, logistics, deep processing, import & export, international trade. the company now has more than 1,000 professional technical and management personnel, with an area of over 1,500mu and with total assets of 10 billion yuan. It settles at the junction of national yellow and blue strategy --- Yellow River delta area, 8km away from the wharf, 5km away from the entry to Donggang Expressway, enjoying convenient and fast transportation and very superior geographical location. It mainly produces and manages gasoline, diesel, liquefied petroleum gas, MTBE, propylene, sulfur, petroleum coke, fuel oil and other products.

The company strictly implements new national requirements for petrochemical product quality and environmental protection, regards safe, environment-friendly, energy-saving and innovative production, law-abiding and good-faith operation and supply of high-quality petrochemical products as its concept and gives consideration to scale and fine development strategy. Now single processing capacity of the equipment is 5 million tons/year and its comprehensive processing capacity reaches 10 million tons/year, and spent lye has been completely avoided through comprehensive use of alkali waste; ultra-low sulfur and low-nitrogen clean fuels are applied to reduce sulfur dioxide and nitrogen oxide content in the smoke from the source; sulfur recovery unit applies two-stage claus sulfur process and tail gas recovery-absorption process, reaching a total sulfur recovery rate of 99.8%; floater and covered floating roof tank are applied, all liquid products are delivered in a closed loading form, reducing hydrocarbon loss by over 90%. A complete industrial chain of oil head and chemical tail has been built, product quality has been up to National V standard. The advantages in wide, diversified and close-to-market product chain and safety & energy conservation have improved the company’s competitiveness.

With a mission to provide customers with high-quality petrochemical products and good service, the company has been praised by all sectors of society for many times. In 2015, it obtained the qualification for using imported crude oil approved by the State Council, the qualification for non-state import trade of crude oil and right to export finished oil. The company has successively “Good-faith Private Enterprises in Shandong Province”, “Dongying Safety Standard-reaching Enterprises”, “Dongying Young Safety Demonstration Post 2015”, “Large Taxpayers at Development Zone 2013”, “Enterprises Contributing Most at Development Zone 2013”, “Shandong Province CCB AAA-level Credit Enterprise” and other honors. In order to strengthen the adaptability to inferior heavy oil feedstock, optimize project construction, promote the "low-quality oil products upgrading" and achieve win-win economic and social benefits, the project “2 million/year VGO hydro-cracking unit and 1.2 million/year continuous reforming unit” are now under construction. When they are completed, oil head and chemical tail will be achieved. At that time, annual output will reach 50 billion yuan, with profits and taxes of 3.5 billion yuan. Corporate management system and running mechanism continue to be optimized and innovated and much attention has been paid to quality and efficiency, so as to make great contribution to local prosperity and development.

We stick to taking safety as a base, technical innovation, energy conservation and environmental protection as a guide, strong and fine petrochemical industry chain as an aim, safety, energy conservation, environmental protection and innovation as production concept to guide safety production, and stick to the idea of law abiding and good-faith operation to give full play to the company’s advantages. We continuously make exploration and innovation, innovation, strengthen management and strive to write a new chapter of quality, cost-effectiveness and sustainable development!

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