JFE Zhenxing Shandong Chemcical Company Ltd. be developped by Weifang Zhenxing Coking Co., Ltd. sets up with Japanese JFE Chemical Corporation. registration capital for 164, 000, 000 dollar renminbi, among them JFE provide 60% of capital, Weifang Zhenxing Coking Co., Ltd. provide 40% of capital.

The Japanese JFE Chemical Corporation is an one of the large steel in world business enterprise groups, occupying steel industry the fourth of world in 2004, ranking the 226 in world 500 strongly, the business enterprise's capital sum 185 the renminbi of hundred million, have 48800 workers, crude steel yield 3160 ten thousand ton, sale sum 1863 the renminbi of hundred million, business profits 351 the renminbi of hundred million.

The two invesiment parties will invest 4 hundred million to build 300, 000 ton coal tar deep process item every year. This item fully use intemal's natural coal tar resources, adopt the most especially from Shandong province, advanced technology, equipment and scientific manage way in the world. Produce: Creosote oil, modified coal tar pitch, Crude naphthalene industrial naphthalene, wash oil, The carbolic oil of dephenolize, crude carbolic acid and light oil etc. Which are valuable chemical products of series of coal and also sell well in the market. This item, have build on sep 12, 2005, plan to put into production on September, 2006, it will become the largest single coal tar deep process device, in the intend. This item is the first project of two parties, the second project will introduce the benzene hydrogenation technology. Which is advanced but not ripe use in the world. And add a set of 150, 000 ton benzole deep process device every year. On the benzole's production base, go on refine lower lever products, such as coumarone \ solvent oil \ anhydride etc. The third project continue the 300,000 ton/year coal tar process item, and add the 50,000 ton/the year benzole anhydride item and 10,000 ton/the year water reducing agent device, make the products become many faceted, When the whole item finish, the joint capital company will become the largest benzole and coal tar deep process enterprise in the internal.