- CEO
- Xiao Jun Xu
- Full Time Employees
- 6,769
- Sector
- Energy minerals
- Industry
- Oil refining/Marketing
- Address
- Hongqi Street Panjin LN China 124021
- IPO Date
- Jan 30, 1997
- Business
- North Huajin Chemical Industries Co.,Ltd North Huajin Chemical Industries Co.,Ltd (000059.SZ), headquartered in Panjin City, Liaoning Province, China, and founded in 1997 as a key subsidiary of China Ordnance Industry Group Co., Ltd., principally engages in the production and sale of petrochemicals and chemical fertilizers. The company operates through two primary segments, petrochemical products and fertilizer products, offering a diverse portfolio that includes diesel oil, polypropylene resin, polyethylene resin, ABS resin, "Huajin" brand urea, melamine, ammonium nitrate, synthetic ammonia, mixed aromatic hydrocarbons, C9 petroleum resin, fuel oil, asphalt, lubricants, polyvinyl chloride, polystyrene, organic chemical raw materials, refined oils, plastics, resins, and road asphalt products; it also provides ancillary services such as heat and electricity production, pressure vessel manufacturing, pipeline installation, boiler maintenance, plastic packaging containers, and site leasing. With production bases in Liaoning, Xinjiang, and Huludao, North Huajin Chemical Industries Co.,Ltd primarily serves industrial clients and the agricultural sector across China, with a focus on domestic markets in Liaoning Province and surrounding regions, positioning it as one of China's largest urea producers with an annual capacity exceeding 2 million tons. Recent developments include a November 2024 licensing agreement with Solvay for advanced hydrogen peroxide process technology to produce 300 kilotons per year of propylene oxide at its Panjin facility, slated for launch in 2026; ongoing construction of the Huajin Aramco Petrochemical Company (HAPCO) joint venture refinery and petrochemical complex in Panjin, a $12 billion project with Aramco (30%), NORINCO Group (51%), and Panjin Xincheng (19%) that reached 60% completion by March 2025 and targets 300,000 barrels per day refining capacity alongside 1.65 million tons of ethylene and 2 million tons of paraxylene by 2026; and a September 2024 energy management contract between subsidiary Aksu Huajin Fertilizer and China North Industries Energy Conservation for urea plant optimization.