The Shandong Huaxing Petrochemical (Group) Co was recently honored by Guangrao as an enterprise that has contributed to the local economy, and given an 800,000-yuan honorarium. The company was also recognized as a model and an outstanding unit for contributing to local environmental and ecological protection. Huaxing has followed a “Create value for shareholders and jobs for society” and “Cherish life and don’t seek bloody profits” business principle and strategy for several years and has been honored for this. It places importance on production safety, environmental protection, and harmony between economic benefits and ecological protection.