Junyuan Petroleum Group, founded in 2009 with the registered capital of180 million RMB (roughly 27 million USD), is a general group gradually developed and improved, relying upon DongyingJunyuan Petroleum Technology Development Co., Ltd. Over the past eight years, Junyuan Petroleum Group has been continuously developed and expanded, and now incorporates five subsidiaries including Dongying Junyuan Petrochemical Technology Development Co., Ltd.