Introduction
Shandong Shouguang Luqing Petrochemical Co., Ltd., established in 2000, is a joint-stock private enterprise. It is located within the Shouguang High-end Petrochemical Industrial Park, as outlined in the Development Plan for the High-end Petrochemical Industrial Base in Northern Shandong (2018-2025), and is among the first batch of designated chemical industrial parks. The company benefits from a dedicated railway line and a 15 million tons/year oil pipeline that directly connects to its oil depot. It is situated 17 kilometers from Weifang West Port, which can accommodate 5,000-ton oil tankers. The refined oil products produced by the company supply coastal and riverine regions across China, and it is a designated supplier for PetroChina and Sinopec. Luqing's oil products have been awarded the Shandong Province "Clean Energy Supply Service" Famous Service Brand, "Luqing Brand Polypropylene Resin" has been recognized as a Shandong Province Famous Brand Product, and "Luqing Brand Asphalt" has been awarded the Shandong Province Famous Trademark. Other products have been certified as "Nationally Stable and Qualified Products in Quality Inspection." The company holds crude oil import and usage qualifications approved by the National Development and Reform Commission and the Ministry of Commerce, as well as a refined oil wholesale qualification from the Ministry of Commerce, making it the only private enterprise in Weifang with such credentials. It has been honored as one of China's Top 500 Private Enterprises, China's Top 500 Petroleum and Chemical Enterprises, China's Top 500 Manufacturing Enterprises, a National High-Tech Enterprise, one of Shandong Province's Top 100 Enterprises, one of the Top 10 Petroleum and Chemical Enterprises in Shandong Province, ranked 24th in the Shandong Private Enterprise Brand Value List, one of the Top 10 Brand Values in Shandong's High-end Chemical Industry, a Shandong High-end Manufacturing Brand Cultivation Enterprise, and received the Shanghai Science and Technology Award for the development and application of key technologies in sulfuric acid waste liquid process reduction. Additionally, it has been recognized as one of the Most Popular Top Ten Local Refineries, Weifang City's 2018 Leading Enterprise in High-Quality Development, one of the Top 50 Fiscal Contribution Enterprises, and has applied for 92 national patents.Luqing Petrochemical will fully implement the development philosophy of "innovation, coordination, greenness, openness, and sharing," accelerate the transformation and upgrading of the traditional refining industry, further extend the industrial chain, strive to shift from a resource-based to a high-tech-oriented model, and achieve the transformation from oil refining to chemical production. The company aims to build a Shouguang High-end Petrochemical Industrial Park with an output value exceeding 100 billion yuan within 3 to 5 years, contributing significantly to the "Belt and Road" initiative and local economic development, and celebrating the 70th anniversary of the founding of the People's Republic of China with outstanding achievements.
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