Shanxi Pengfei Group Co., Ltd.

Overview

Shanxi Pengfei Group Co., Ltd. was established on January 21, 2020, with Ma Xiaolong as its legal representative. is a company A private enterprise integrating coal mining and extraction, premium coal washing and beneficiation, coke production, modern coal chemical processing, automobile manufacturing, equipment manufacturing, smart logistics, high-end real estate, cultural tourism and hospitality, waste‑material recycling, and the full hydrogen‑energy value chain—characterized by digital intelligence, circularity, and green practices. 。

Information Bar

Chinese name: Shanxi Pengfei Group Co., Ltd.

Date of Establishment: 2020-01-21

Legal Representative: Ma Xiaolong

Company Type: Limited Liability Company (invested in or controlled by natural persons)

Company Profile

Shanxi Pengfei Group Co., Ltd. upholds the corporate mission of “creating happiness for those who are dedicated to the Pengfei cause” and pursues the development vision of “becoming a globally leading smart clean-energy enterprise.” Starting with just RMB 25,000 in 1993, it has grown into a digital, circular, and green private enterprise with total assets of RMB 150 billion and more than 30,000 employees. The company integrates coal mining, premium coal washing and selection, coke smelting, modern coal chemical engineering, automobile manufacturing, equipment manufacturing, smart logistics, high-end real estate, cultural tourism and hospitality, waste‑material recycling, and a full hydrogen‑energy industrial chain. It is a green, low‑carbon technology enterprise that enjoys a leading edge in advancing the goals of peaking carbon emissions and achieving carbon neutrality.

Corporate culture

Pengfei’s Mission: To create happiness for those who are dedicated to the Pengfei cause.

Pengfei’s Vision: To become a globally leading smart clean-energy enterprise.

Pengfei’s Core Values: Love, Innovation, Pragmatism, Leadership

Pengfei’s Pursuit: Today’s Glory Belongs to Pengfei

Pengfei Spirit (Eight-Character Guiding Principle for Conduct): Loyalty, Nobility, Unity, and Progressiveness

Pengfei’s Work Ethic (a 16-character guiding principle): Transform our mindset, keep pace with the times, rise to challenges, and strive for perfection.

Pengfei People: A Group of Tenacious Dream Chasers

Development History

Founded in 1993, Pengfei Group has grown over more than three decades from a modest start with just RMB 25,000 to become one of China’s Top 500 enterprises. Its raw coal production bases span Lüliang, Changzhi, Jincheng, and Yangquan. Today, the group boasts total assets of RMB 150 billion and employs over 30,000 people. It is a leading, digitally intelligent, circular‑economy‑driven full‑industry‑chain enterprise integrating coal, coke, chemical manufacturing, automobile production, equipment manufacturing, hydrogen energy, waste‑resource recycling, logistics, finance, and cultural‑tourism‑hotel services. With operations nationwide, Pengfei Group stands as a pioneering green and low‑carbon technology company, playing a key role in advancing China’s carbon‑peak and carbon‑neutral goals.

Starting from scratch, with a difficult beginning and extensive, unrefined growth [1993–2002]

In 1993, Pengfei Group started with a small earth‑bound coke‑making operation capitalizing on RMB 25,000. Over the course of seven years, it expanded from three earth‑bound coke ovens to thirty. In 2000, Pengfei Group proactively embarked on a transformation, leveraging coal‑washing equipment to pioneer the coal‑washing industry. Small earth‑fired coke plants were phased out due to outdated technology and severe pollution. Pengfei Group proactively embarked on a transformation, leveraging its sole coal‑washing facility to enter the coal‑washing business. By signing coal‑washing contracts with Taigang’s contracted customers and relying on its hardworking spirit and ingenuity, the group acquired nine earth‑fired coke factories in Gaoyang Village within two years and rapidly expanded into other regions.

In its early stages, Pengfei Group distilled the insight that “confidence is more valuable than gold.”

Seize opportunities, maintain firm confidence, and make sound decisions [2003–2009]

In 2003, during the SARS outbreak, Pengfei Group seized the opportunities presented by the crisis and achieved a remarkable period of growth. Driven by a spirit of resilience and unwavering determination, it expanded from a single small coal‑washing plant to 22 such facilities, transforming itself from a coal‑washing operation with virtually no working capital into a medium‑to‑large enterprise boasting over RMB 500 million in liquid assets.

Subsequently, Pengfei established its first-ever management system and forged a distinctive corporate culture—the “Pengfei Spirit.” It grew into an independent coal‑washing enterprise with a processing capacity of 15 million tons, becoming an indispensable strategic partner to major steelmakers across China, including Baosteel, Angang, Shougang, HBIS Group, TISCO, Shijiazhuang Iron & Steel, and Taiyuan Gasification.

In 2008, amid the global financial crisis and leveraging its own strengths, Pengfei Group entered the coking industry by acquiring its first coking enterprise, Xingchen Coking. Subsequently, it acquired Chenming Coking, Baoli Xingchen Coking, and Jiaokou Gangyu Coking.

During its development phase, Pengfei Group distilled the insight that “choice is more important than effort.”  

Refine coking, refine chemical processing, and expand coal operations [2010–2020]

In 2010, Pengfei Group charted a development strategy of “scaling up coking operations and pursuing large‑scale coking,” establishing a new green coking model that prioritizes chemical production while leveraging coking as a supporting pillar. This marked the true beginning of a transformative journey—rooted in Shanxi, oriented toward the global market, and driven by leapfrogging growth.

On May 15, 2011, Pengfei Group commenced construction on its 5-million-ton-per-year coking project and ignited the furnace on October 10, 2012. The project successfully commissioned China’s first 6.25-meter three-stage heated pusher-type coke oven, setting a national record for the shortest construction period among large-scale coke ovens.

On May 19, 2013, the Pengfei Group’s 600,000-ton methanol–LNG–synthetic ammonia co-production project held its groundbreaking ceremony.

From 2015 to 2020, three five-star hotels and a AAAA-rated national tourist attraction—the Liu Family Residence—were put into operation.

From 2016 to 2020, the company expanded into the upstream coal mining sector, successively acquiring Majunyu Company’s Third Mine, Qinhé Company’s Eighth Mine and First Plant, and Pingding Huineng Coal Industry.

In 2017, Pengfei was recognized by the Shanxi Provincial Commission of Economy and Information Technology as a “Shanxi Province Demonstration Enterprise for the Integration of Informatization and Industrialization.”

From February 2018 to September 2020, Pengfei Methanol Plant and Pengfei Coking Plant were successively recognized by the Ministry of Industry and Information Technology as “Green Factories,” making Pengfei the only coking enterprise in the province to simultaneously hold this designation for two facilities.

In 2020, the company ranked 475th on the China Top 500 Private Enterprises list and 6th among Shanxi Province’s top 100 private enterprises.

During its expansion phase, Pengfei Group distilled the insight that “science and technology are the primary productive forces.”

Keeping Pace with the Times, Pursuing Green Development, and Leading Globally [Post-2021]

On January 1, 2021, Pengfei Group launched a full-scale foray into the hydrogen energy industry—the ultimate green energy source—while, on the same day, the nation’s first 5G‑enabled smart application platform for the coal‑coking chemical sector, jointly developed with China Unicom, was officially put into operation.

From April 7 to July 30, 2021, Pengfei Group co-created and jointly developed its corporate culture system, which was subsequently successfully launched.

In 2022, the Wuxiang Yonghong Coal Mine was acquired and construction officially commenced; in Pingding, the Weidong and Fengtai coal mines were merged and reorganized.

In 2022, the first phase of the Pengwan Hydrogen Port Hydrogen Industry Park—featuring a 20,000-ton hydrogen production project—was commissioned, and four hydrogen refueling stations were put into operation. The world’s first single-stack 250 kW hydrogen fuel cell engine system was officially unveiled at Pengfei, and the first batch of 100 domestically developed and manufactured hydrogen-powered heavy-duty trucks was put into service.

On May 15, 2023, the first batch of three hydrogen-powered commuter buses and the nation’s first hydrogen-powered loader were put into service. On August 31, China’s first waste‑heat power‑generation system paired with a 3 × 500 Nm³/h water electrolysis project for green hydrogen production was commissioned. On December 29, the second batch of 100 second‑generation hydrogen‑powered heavy trucks officially entered operation.

2024 On March 11, the “Tianjin Changhong, Nankai Pengfei | Pengfei–Nankai Xueyuan Product Upgrade Launch Event and ‘Light Up Changhong’ Night” kicked off with great fanfare.

 

Enterprise Products

A private enterprise integrating coal mining and extraction, premium coal washing and beneficiation, coke production, modern coal chemical processing, automobile manufacturing, equipment manufacturing, smart logistics, high-end real estate, cultural tourism and hospitality, waste‑material recycling, and the full hydrogen‑energy value chain—characterized by digital intelligence, circularity, and green practices.

Company Honors

Ranked 354th among China’s Top 500 Enterprises

Top 500 Chinese Petroleum and Chemical Enterprises

Top 100 Enterprises in Shanxi Province Award

Top 100 Private Enterprises in Shanxi Province

Shanxi Province Demonstration Enterprise for the Commercialization of Scientific and Technological Achievements (Coal Chemical Industry)

AAA‑rated enterprise with excellent credit standing

Shanxi Province’s Meritorious Enterprise

Ranked 26th among the Top 500 Petroleum and Chemical Enterprises in 2022.

In September 2023, the company ranked 244th on the “2023 China Top 500 Enterprises” list and 119th on the “2023 China Top 500 Manufacturers” list.

60th place in the 2023 Top 500 Private Manufacturing Enterprises in China

2023 Shanxi Province Key Industrial Chain: Hydrogen Energy Industry Chain “Chain Leader” Enterprises

Outstanding Cases of Digital Mine Integration and Development for Enhancing Inherent Safety in 2023

The principal drafting unit of the group standard “Safety Technical Requirements for the High-Purity Hydrogen Production Process from Coke Oven Gas” (TCIET 333-2023)

The principal drafting organizations of the group standard “Energy Consumption Limit and Calculation Method for Producing High-Purity Hydrogen from Coke Oven Gas” (TCIET 332-2023) are:

2023 Manufacturing Meritorious Enterprise Award

Social activities

In 2022, Pengfei Group once again donated RMB 5 million to support Xiaoyi City’s epidemic prevention and control efforts.