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      1. CN
        Nanshan News Media attention Video Center
        Promotion Meeting & Signing Ceremony of Yulong Island Refining & Chemical Integration Project Was Successfully Held
        2021-11-24

        On November 22, the Promotion Meeting & Signing Ceremony of Yulong Island Refining & Chemical Integration Project was held in Shandong Building of Jinan city. Member of the Standing Committee of the Provincial Party Committee and concurrently Executive Deputy Governor Wang Shujian, Deputy Governor Ling Wen, Deputy Governor Ji Binchang, Deputy Governor and concurrently Secretary of the Yantai Municipal Party Committee Fu Mingxian, Member of the Provincial Government Party Group and concurrently Director of the Provincial Development and Reform Commission Zhou Lianhua attended the meeting and witnessed the signing. The representatives of the Provincial Departments and Bureaus, Yantai City, Longkou City, and Yulong Petrochemical Park Management Committee as well as 17 banks including China Development Bank, Industrial and Commercial Bank, Import and Export Bank, Agricultural Bank of China, Bank of China, Construction Bank, and Bank of Communications attended the meeting.



          Executive Deputy Governor Wang Shujian pointed out that, Yulong Island refining and chemical integration project is a major production force allocation project listed in the national plan under the cordial care of the Party Central Committee and the State Council; the provincial party committee and the provincial government attach great importance to the construction of the project; the main leaders of the provincial party committee and the provincial government personally plan, personally research, and personally promote the project, requiring to grasp the industrial layout at a high starting point and to high standards, and create a landmark project for the conversion of new and old kinetic energy in the province.


        This meeting was held under the instructions of the main leaders of the Provincial Party Committee and the Provincial Government to implement the requirements of the Shandong Provincial Party Committee and the Provincial Government, to further unify thinking, clarify responsibilities, and promote the construction of Yulong Island Refining and Chemical Integration Project with high quality, high standards and high efficiency. As for project shareholders, it is a valuable and major development opportunity, it is necessary for you to have a clear understanding, truly grasp the rare opportunity, and devote all your heart to the high-quality construction and implementation of the project; as for financial institutions, the project is also a rare high-quality project, the hard-won opportunity should be cherished more by you under the background of achieving the carbon peaking and carbon neutrality goals; from the perspective of the project itself, the project has a high positioning, strong late-mover advantage, differentiated development, and strong market competitiveness. All relevant parties should improve their political positions, grasp the general trend of development, strengthen their confidence and determination, and make every effort to build the Yulong Island project into a world-class high-end petrochemical industrial base. At the same time, project funding must be in place, internal mechanisms must be in place, and work responsibilities must be in place.


        Member of the Standing Committee of the Provincial Party Committee and concurrently Executive Deputy Governor Wang Shujian


        At the meeting, Zheng Deyan, deputy secretary of the Yantai,Municipal Party Committee and concurrently mayor of Yantai municipal government, reported on the progress of the preliminary work of the project and its next plans on behalf of the Yantai Municipal Government. Li Wei, Secretary of the Party Committee and Chairman of Shandong Energy Group; Song Jianbo, Chairman of Nanshan Group and Chairman of Shandong Yulong Petrochemical Co., Ltd.; and Liu Xiao, Director of the provincial Local Financial Supervision Bureau, respectively made statements and speeches.


        Zheng Deyan, deputy secretary of the Yantai,Municipal Party Committee and concurrently mayor of Yantai municipal government, said that he will adhere to high standards and strict requirements, and make every effort to promote various tasks, and will never disappoint the provincial party committee and the provincial government. One is to ensure the completion of the set tasks: Taking the adjustment of the equity structure of Yulong Petrochemical Company in place as a new starting point, keeping a close eye on the goal of “starting mid-term completion in June 2023”, and strictly following the determined timetable and roadmap, truly embodying the results of the hard work in the physical workload by means of “responsibilities assigned to individuals, and actions strictly implemented, grasping nodes while moderately going ahead”. The second is to advance various tasks at full speed: Make every effort to break through the problem of stuck points, continue to strengthen service support, coordinate all parties, cohesively promote, and do a good job in the overall planning and command of the development of the park. The third is to resolutely hold the bottom line of work: Firmly grasp the safety production, carry out the investigation of potential safety hazards and training of safety production on a regular basis to ensure no problems; firmly grasp the epidemic prevention and control, and resolutely put an end to any occurrence of problems; firmly grasp the construction of a clean government, implement follow-up supervision and service supports for key links such as project promotion and fund use, and resolutely maintain the bottom line of clean government risks.


        Zheng Deyan, deputy secretary of Municipal Party Committee and concurrently mayor of Yantai


        Li Wei, Secretary of the Party Committee and Chairman of Shandong Energy Group, said that this signing marks a more solid step in the construction of the Yulong Island refining and chemical integration project. Shandong Energy Group firmly grasps this important arrangement of the provincial party committee and the provincial government to support the transformation and development of enterprises, and earnestly implements the decision and deployment of the equity structure adjustment thematic meeting of the Yulong Island Refining and Chemical Integration Project, strengthens the responsibility of state-owned enterprises, and carefully organizes the implementation. As the largest shareholder among state-owned shareholders, Shandong Energy Group will strictly implement the spirit of this meeting, bravely assume the responsibility and mission of "one support, two optimization", strictly comply with laws and regulations, and unswervingly integrate into corporate governance; benchmarking the advanced one in industries, unswervingly do a good job in project construction and operation; strengthen collaboration and unswervingly create a model of win-win cooperation.


        Li Wei, Secretary of the Party Committee and Chairman of Shandong Energy Group (first from left)


        Song Jianbo, Chairman of Nanshan Group and Chairman of Shandong Yulong Petrochemical Co., Ltd., said that the official signing of the cooperation agreement marked the final clarification of the main body of the project and that the project has entered the "fast lane" on the fast track. In the next step of our work, we will earnestly implement the decisions and deployments of the provincial party committee and the provincial government, build consensus, strengthen confidence, step in line, do not talk about conditions and difficulties, actively perform the roles and responsibilities of major shareholders, and treat each shareholder frankly and sincerely to form a joint force with mutual trust. At the same time, adhere to scientific management, standardized management, and efficient management, and realize the organic complementarity of "the advantages of the state-owned enterprise system and the advantages of the private enterprise mechanism", and join forces to achieve win-win cooperation. In terms of construction standards, strictly implement the "five first-class" work requirements, adhere to ecological priority, green and low-carbon, high-point positioning, first-class benchmarking, follow the law of industrial development, continue to improve functions, and reduce costs; in terms of promoting and implementation, strictly observe the red line of safety production and the bottom line of ecological and environmental protection, tighten and compact responsibilities, strengthen linkages, overcome difficulties, keep a close eye on key nodes, and ensure that the project can be completed and put into production as soon as possible; in terms of project cooperation, accurately carry out the industry-chain investment promotion, focus on technological innovation, management innovation, and promote the development of the project industry clusters; in terms of capital operation, do a good job of standardized management to promote the preservation and increase of the value of all shareholders’ assets.


        Song Jianbo, Chairman of Nanshan Group and Chairman of Shandong Yulong Petrochemical Co., Ltd. (first from left)


        Liu Xiao, director of the provincial Local Financial Supervision Bureau, said that the official signing of this agreement has laid the foundation and created conditions for the formation of the project syndicate. In the next step, we will strengthen communication and coordination with relevant parties, strengthen coordination and cooperation, and jointly promote the close connection between government, banks and enterprises, and accelerate the formation of syndicated syndicates to provide solid financing support for the Yulong Island refining and chemical integration project. The first is to further speed up the pace of work and encourage banks to list the syndicate formation work as a "top leader in charge" project, schedule the construction period from bottom to top, clarify the time limit, and conduct operations according to wall chart to ensure that the syndicate formation progress matches the project construction progress. The second is to further intensify work, actively strive for maximum policy support from the head office, and actively strive for the conditional bank head offices to issue pre-project loans, provide financial support for project construction before the syndicated loan is in place, and ensure the steady progress of project construction. The third is to further strengthen the synergy of work, give full play to the role of bridges and bonds, and actively coordinate the close connection of various parties to promote mutual trust, win-win, and cooperative development between banks and enterprises.


        Liu Xiao, Director of the provincial Local Financial Supervision Bureau


         Finally, Zhou Lianhua, member of the provincial government party group and director of the Provincial Development and Reform Commission, presided over the signing ceremony. Director Zhou Lianhua said that the signing of the company’s articles of association and the capital increase & share expansion agreement marked the establishment of a modern corporate governance structure for the project, and the project has entered a stage of high-quality, high-standard, and high-efficiency implementation. Executive Deputy Governor Wang Shujian, Deputy Governor Ling Wen, Deputy Governor Ji Binchang, Deputy Governor Fu Mingxian, and leaders of the Yantai municipal party committee attended the signing ceremony in person, which fully demonstrated the importance and high hopes of the provincial party committee and government for the project. At the signing ceremony, the heads of Nanshan Group, Shandong Energy, Wanhua Industry and Hualu Group joinly signed the company’s Articles of Association; the heads of Nanshan Group, Shandong Energy, Wanhua Industry, Hualu Group, and Yulong Petrochemical signed the "Capital Increase & Share Expansion" agreement.


        Zhou Lianhua, member of the Provincial Government Party Group and Director of the Provincial Development and Reform Commission

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