PETROLUXE GROUP
Refined Oil Products
Trading, which involves effectively distributing energy on a global scale, is at the core of our business. We trade crude oil and products, purchasing from producers and delivering to refineries, wholesalers, and distributors worldwide. In terms of trading, we will rely on Huahai Sheng Marine Fuel Supply Co., Ltd., a subsidiary of our parent company YIHONG NEW ENERGY CO LTD. Established in 2004, the company has been engaged in marine fuel business with shipping companies, primarily supplying marine fuel oil. With over 50 employees, including 30% senior technical staff, and years of successful experience in the business, they will provide valuable expertise and guidance to our company. In terms of experiential learning, we will select and train professional personnel to facilitate the smooth development of our trading business.
After years of operating with integrity and compliance, Huahai Sheng has established a batch of high-quality and stable customers, including companies such as China Merchants Nanjing Oil Transportation Co., Ltd., Shanghai Times Shipping Co., Ltd., Shanghai Ruining Shipping Co., Ltd., Shandong Hualu Shipping Co., Ltd., Zhejiang Ocean Shipping Group Co., Ltd., Zhejiang Ocean Shipping Group Zhoushan Ocean Shipping Co., Ltd., and Tianjin Guodian Shipping Co., Ltd., ensuring the stable source of Chinese customers for Petroluxe Group.
Our customers also include national oil companies, multinational corporations, leading industrial and chemical companies, and the world's largest airlines. We procure and manage energy flows through relevant infrastructure to deliver products to them on time and according to specifications.
Based on Huahaisheng's market base, Petroluxe will use the 300,000 cubic meter refinery to be built in Malaysia to target the market in East Asia and Southeast Asia to provide better oil products services to new and returning customers.
Main Products
GAS CONDENSATE
The scale of gas condensate in the Middle East is 800,000 tons/year. Gas condensate can be directly used as fuel and is also a high-quality raw material for the refining industry. Usually, the naphtha yield is 60% to 80%, and the diesel yield is 20% to 40%.
NAPHTHA
It is mainly used as raw material for chemical fertilizers, ethylene production and catalytic reforming. It can also be used to produce solvent oil or as a blending component of gasoline products. The main products are naphtha for ethylene units and naphtha for reforming units.
VEHICLE GASOLINE
Fuel-saving, dynamic, and clean; with nine internal control indicators (e.g., octane number and olefin content) exceeding national standards, and 13 indicators (e.g., formaldehyde and aniline compounds) filling the gap in national standards; and having won a number of honors and awards, such Shandong High-quality Brand, China's Most Popular High-end Gasoline Private Brand, and Outstanding Quality Improvement Award.
VEHICLE DIESEL
Environmental-friendly and fuel-saving; with 11 internal control indicators (e.g. cetane number and flash point) exceeding national standards and nine indicators (e.g. chlorine content and silicon content) filling the gap in the national standards.
JET FUEL
Produced by using Shell single-stage tandem full cycle process, the products have been granted the “List of Approved Projects as Stipulated in Technical Standards” and the “Approval of Projects as Stipulated in Technical Standards” by the Civil Aviation Administration of China. The production capacity is 2.6 million tons per year.
PETROLEUM COKE
Mainly used in calcined coke, smelting, and chemical industries, with the output up to 110,000 tons per year.
LNG
Widely used as industrial and civil fuel and also used as the chemical raw material for chemical products, with the output up to 436,100 tons per year.
SULFURIC ACID
Mainly used for producing inorganic chemical fertilizers and widely used as a basic chemical raw material, with the output up to 300,000 tons per year.
LIQUID SULFUR
Mainly used in sulfur acid, nonferrous smelting,pesticides, medicine industries, etc., with the output up to 50,000 tons per year.