On March 20, ZPEC and Huafeng Group held a grand strategic cooperation signing ceremony at ZPEC’s Shanghai Lingang Base Headquarters. The two sides had in-depth exchanges on deepening LNG (liquefied natural gas) international trade, resource development, and market collaboration. This strong alliance will inject new impetus into the transformation of the energy structure of both parties.

Huafeng Group Chairman You Xiaoping, Deputy General Manager Wang Weidong, Zhongman Group Chairman Li Chundi, Senior Vice President Wang Wenbo, Yao Guicheng, and other leaders from both sides attended the event.

At the signing ceremony, Chairman Li said, "Zhongman Group has profound experience in oil and gas exploration and production and international energy trade. It owns large-scale oil and gas assets in Xinjiang, Kazakhstan, and other places, and has the ability to provide engineering services for the entire industrial chain. The cooperation between the two parties can not only achieve an efficient connection from the “Resource End” to the “Market End”, but also accelerate the improvement of the industrial matrix of both parties through vertical integration of the industrial chain. Thus, forming a full chain from gas fields to terminals and further enhancing market competitiveness."

You Xiaoping, Chairman of the Board of Directors of Huafeng Group, said, "Zhongman Group has rich experience in oil and gas resource exploration and production and international operations. The complementary advantages of both parties will accelerate the value integration of the LNG industry chain, realize the optimization and upgrading of the energy industry chain, and enable high-quality development through synergy effects, creating higher economic and social benefits for both parties.

This cooperation marks a new stage in the resource integration of the two industry leaders. With its advantages in LNG receiving stations and the chemical industry chain, Huafeng Group can quickly connect with Zhongman's overseas LNG resources and domestic natural gas production capacity. Zhongman Group will further extend its value chain through this cooperation and enhance its market competitiveness in the field of clean energy. The cross-border cooperation between the two companies not only provides an innovative model for the coordinated development of the upstream and downstream of the LNG industry chain, but also opens up a new path for Chinese energy companies to participate in international competition and ensure national energy security through the deep integration of resources, capital, and technology.

Huafeng Group Co., Ltd. was established in 1991 and is a Chinese Fortune 500 Company with new chemical materials as its main business. The group has established industrial bases and sales companies in 6 provinces and cities in China and many countries along the "Belt and Road". It has nearly 50 wholly-owned or holding companies and nearly 20,000 employees. It is a leading company in the global polyurethane industry with business covering new materials, new energy, and other fields. (Text/ Luo Haiou Photo/ Zhang Jianyue)