Henan Energy and Chemical Industry Group Co., Ltd. (河南能源化工集团有限公司) is a major state-owned enterprise, with the current operational base focused on coal mining, coal gasification, chemical manufacturing, and energy production in China's Henan Province.
Henan Energy and Chemical Industry Group was formed through strategic mergers:
- December 2008: Five entities merged to form Henan Coal and Chemical Industry Group (河南煤业化工集团): Yongmei Group, Jiaomei Group, Hemei Group, Zhongyuan Dahua, and Henan Provincial Gas Group
- September 2013: Henan Coal and Chemical Industry Group merged with Yimei Group to form the current Henan Energy and Chemical Industry Group
- 2022: Name officially changed from "Henan Energy and Chemical Industry Group Co., Ltd. (河南能源化工集团有限公司)" to "Henan Energy Group Co., Ltd. (河南能源集团有限公司)"
Wholly owned by the Henan State-owned Assets Supervision and Administration Commission (Henan SASAC), in November 2024, Henan SASAC decided to inject its 100% stake in Henan Energy into Pingmei Shenma Group as a capital contribution, making Henan Energy a wholly owned subsidiary of Pingmei Shenma.
The company website reports in November 2025 that Henan Energy in total holds coal reserves of 28.4 billion tonnes and operates 52 mines with a combined capacity of 88.65 million tonnes per year.
The group's strategic development areas focus on advanced polymer materials, biodegradable plastics, electronic chemicals, and hydrogen/new energy industry clusters, emphasizing high-end, diversified, and low-carbon development of chemical new materials.
Corporate Structure
Henan Energy operates as a diversified state-owned conglomerate with operations spanning:
- Coal mining (coal reserves of 283.94 billion tons total, with 84.57 billion tons of mining rights reserves)
- Chemical manufacturing and coal-to-chemicals
- Electric power and new energy (thermal power, wind power, solar power, hydrogen energy)
- Logistics and supply chain services
- Financial services, healthcare, engineering construction, and equipment manufacturing
Key Subsidiaries and Affiliates
Coal Mining Operations:
- Yongmei Company (永煤公司) - Yongcheng Coal and Electricity Holding Group
- Jiaomei Company (焦煤公司) - Jiaozuo Coal Group
- Hemei Company (鹤煤公司) - Hebi Coal Group
- Yimei Company (义煤公司) - Yiyang Coal Group
Chemical Manufacturing:
- Zhongyuan Dahua Company (中原大化公司) - Henan Zhongyuan Dahua Group Co., Ltd., located in Puyang City; produces ammonia (300 kt/a), urea (520 kt/a), methanol (500 kt/a), ethylene glycol (200 kt/a), melamine (54 kt/a)
- Coal Gasification Company (煤气化公司) - Handles coal gasification operations
- Yubei Chemical Company (豫北化工公司) - Chemical manufacturing operations
Equipment Manufacturing
Regional Operations:
- Xinjiang Company (新疆公司) - Regional operations in Xinjiang
Support Services:
- Henan Energy & Chemical Industry Group Finance Co., Ltd. - Financial services
- Henan Energy and Chemical Industry Group Supply Chain Co., Ltd. - Logistics and supply chain
- Henan Energy Chemical Industry Group Guolong Logistics Co., Ltd. - Logistics operations
Subsidiaries Requiring Further Verification
The following were mentioned but cannot be confirmed as direct subsidiaries from available sources:
- Henan Energy Group Fine Chemical Co., Ltd. (Hebi) - May be a subsidiary under Hemei Company or a direct subsidiary; requires corporate registration verification
- Henan Golden Earth - Likely an affiliate or joint venture; the ownership structure was not explicitly confirmed
- Yima Gasification Plant - Historical facility that may now be part of Coal Gasification Company; requires confirmation of current corporate structure
Important Note on Recent Restructuring
As of November 2025, Henan SASAC decided to inject its 100% stake in Henan Energy into Pingmei Shenma Group as capital contribution, making Henan Energy a wholly-owned subsidiary of Pingmei Shenma. This major restructuring may affect the current subsidiary relationships.
