Is dongming petrochemical a state-owned enterprise or a private enterprise?

Dongming petrochemical is a private enterprise. Dongming petrochemical, full name of Shandong dongming petrochemical Group, formerly known as Dongming Petrochemical Plant, was founded on 1987 and 1997 as the current company. Dongming petrochemical has 8,000 employees, total assets of 65 billion yuan, annual crude oil processing capacity 1000 million tons, and annual sales income 1000 billion yuan. It is an international, clean and high-end chemical enterprise group integrating basic oil refining, high-end chemicals, international trade, international logistics and terminal sales.

Dongming petrochemical is the first local private oil refining enterprise in China to obtain the qualification for importing crude oil and the qualification for importing crude oil in non-state trade, with an allowable crude oil volume of 7.5 million tons/year. Judging from the ownership structure and management nature, dongming petrochemical is a private enterprise.