Shandong Hengyuan Petrochemical Group Co., Ltd. was formerly known as Linyi County Petrochemical Plant. It was founded in 1970. It is a state-owned large-scale enterprise group mainly engaged in petrochemical industry and integrating petroleum refining and follow-up chemical industry. One of the top 200 companies in the province. The company is located in the hinterland of crude oil production in the northwestern plain of Shandong Province. It is located in the west side of the county town of Linyi County. It is the associated enterprise of the Shengpan Oilfield in Shengli Oilfield. It is adjacent to Beijing and Tianjin in the north, Jinan in the south, and the national city of 104 National Road. The geographical environment is superior. With convenient transportation conditions and unique resource advantages, it is a modern enterprise group with enormous development potential and full of vitality.