On June 22, 2018, the Major Projects Promotion Office of Conversion of New and Old Energy of Shandong Province issued LZDB [2018] No.37 Document to determine the first batch of 450 preferred projects of major project Library for Conversion of New and Old Energy with total investment of 1.8 Trillion Yuan.
Where, upgrading and reforming project from the city to the park of Hengyuan Petrochemical was elected as the first batch of preferred projects of major project Library for Conversion of New and Old Energy in the field of high-end chemical industry.