Mr. Dai Houliang, Party Member and Senior Vice President of Sinopec Group, visited FREP on October 30 for survey and guidance of work. The delegation led by Mr. Dai Houliang visited FREP CCR and process units for observation of production run, as accompanied by FREP leaders of Gu Yuefeng, Chen Xiaobo, Parut Chatikavanij, Liu Xiangdong Liu Yanchang and  Mr. Lu Dong Former Chairman of BOARD and President of Company.

In the old plant area field site of FCC Unit, Mr. Dai Houliang enquired about the production process and work safety of the Unit; in the new plant area CCR, Mr. Dai Houliang watched operation of Steam Cracking Unit and enquired about the running status of IGCC Unit Utilities BT.

Mr. Dai Houliang fully recognized the outstanding achievements made by FREP management in rise to the tough market challenges and persistent efforts in management, profit and development. He said, since beginning of this year, the whole organization of FREP has made tremendous efforts and made remarkable and praiseworthy achievements. The Company laid emphasis on Five KFAs, carried out management and profit double improvement activities and secured good moment of safety and environment; spared no efforts in restructuring, got down to earth and gained preliminary effect; worked hard in management and is raising the sense of urgency and responsibility to shake off current hardship, reduce loss, turn losses into gains and move towards healthy development.

Mr. Dai Houliang required that we need to conscientiously implement all requirements of Sinopec Strict Management Year Initiative, tighten up management and underline implementation. He said safety accident or environmental accident of any refining or petrochemical company is harm to the industry we are in. Safety is everything and quality is life. We may not be able to change the market, but we can further improve internal work. Environment is what we depend on to survive. If we fail to do a good job in environmental protection, that is nothing else but block our way of survival. Enterprise management centers on financial management and financial management focuses on funds management. Against current backdrop, whosever cost is more competitive may survive longer. Therefore, we shall strengthen marketability and enable production and marketing to jointly respond to the present market downturn. Sale is responsible to consume the capacity utilization of production enterprises and in return production enterprises shall create good environment for sale. We shall further improve the capability of optimized operation, stride towards higher goal under solidarity, cooperation and strong support of shareholders and generate better benefit for shareholders.

  Leaders from Sinopec Development Planning Department, Refining Department, Chemical Department and President’s Office come together with Dai Houliang for the visit.