Private enterprises enter the upstream mining area, which is very rare in China. Now, a private enterprise seems to be planning this big event.
Private company Hengli and Northern Industries Limited are in talks with creditors of Huaxin Energy Limited to take over Huaxin's oil field interests in Abu Dhabi, Reuters reported.
In the takeover negotiations, Hengli Group, a private enterprise engaged in the petrochemical industry, is particularly noteworthy. It has a very strong strength in the petrochemical industry.

One
Hengli Group,
Another rising private giant!
With the deepening of opening up of China's oil and gas industry, private oil enterprises have become increasingly active, becoming an indispensable force in China, and even the global oil industry.
Recently, the China National Federation of industry and Commerce has released “ 2018 China's top 500 private enterprises &rdquo. Among the top ten private petrochemical enterprises in China, Hengli Group, located in Jiangsu Province, ranks first with annual revenue of 307.9 billion yuan. What is the concept of annual revenue of 307 billion 900 million yuan? According to the top four annual revenue figures of the list, it is almost the sum of the remaining three.
2018 China's top 500 private enterprises (private petrochemical enterprises)
Serial number
enterprise
Annual revenue (100 million yuan)
One
Constant force group
Three thousand and seventy-nine
Two
New Austrian group Limited by Share Ltd
One thousand two hundred and seventy
Three
Zhejiang Rongsheng Holding Group Co., Ltd.
One thousand and sixty-six
Four
Sheng Hong Holdings Group Limited
One thousand and fifty
Five
Zhejiang Hengyi Group Co., Ltd.
One thousand and forty-seven
Six
Shandong Dongming Petrochemical Group Co., Ltd.
Nine hundred and six
Seven
Wanda Holdings Group Limited
Eight hundred and thirty-six
Eight
Li Hua Yi group Limited by Share Ltd
Seven hundred and fifty
Nine
Shandong Jingbo Cmi Holdings Ltd
Five hundred and seventy
Ten
Shandong Hai Ke chemical industry group
Five hundred and fifty
It is understood that such a giant from the start of textile business, continue to extend upstream, forming a huge petrochemical business chain.
It is the first major refining and chemical integration project open to private enterprises in China and the largest one approved by the state at that time.
More than 20 million tons / year of production and refining integration projects, there are only 4 in China. Most of the rest are less than 10 million tons / year of refinery plant scale.
In addition, Hengli Group also has the world's largest monomer production capacity of PTA (terephthalic acid) plant. With the development of new projects, its PTA capacity will reach 11 million 600 thousand tons / year in the future.
It can be imagined that once the takeover negotiations are successful, Hengli Group will become a private petrochemical giant with a complete industrial chain running through the upper, middle and lower reaches.
Two
Textile giant
In the petrochemical field, we are ready to start.
Hengli Group is mainly engaged in petrochemical, polyester new materials and textile industry. It has one of the largest PTA plants in the world, one of the largest functional fiber production bases and weaving enterprises in the world, with more than 60,000 employees.
In the petrochemical sector, Hengli Group has built several large-scale star projects.
Hengli entered the petrochemical industry relatively late, only in 2010 to start action, but this does not affect its violent development speed. Investment in petrochemical projects can be described as generous, and few enterprises in China can compete with them.
In 2010, it invested 150 billion yuan to build Hengli Petrochemical (Dalian Changxing Island) Industrial Park. Recently, 3 PTA production lines with an annual output of 6 million 600 thousand tons have been built to become the world's largest PTA production base.
In 2014, Hengli Group's refining and chemical integration project was strongly supported by the state. This project is the largest refinery project approved by the state.
Hengli 20 million ton / year refining and chemical integration project
The project is located in Changxing Island, Dalian, one of the seven major petrochemical industrial bases in China. It is not only a new force to revitalize the old industrial base in Northeast China, but also a benchmark project in China's petrochemical refining and chemical industry.
With a total investment of 74 billion yuan, the project plans to build the world's safest, most environmentally friendly, intrinsically superior and externally beautiful ecological refining and chemical integration demonstration park, with an annual output value of 300 billion yuan.