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Jiangsu Aorun Advanced Material Co., Ltd. was established in October 2015, and has a wholly-owned subsidiary Anhui Aorun Advanced Material Co., Ltd. Nearly 66 acres of chemical land is planned and will be constructed in two phases with total investment of $140 million.
Aorun engaged in lubricant additives manufacturing, which is one of the functional chemical industries boosted by Chinese government, aims at replacing the imported materials to export the global market.
Aorun has gathered an industry-leading technical team and a professionally operation management team, aiming to continuously provide the safe, environmental friendly and high-performance lubricant additives to customers.
Recently, AORUN has been certified with the ISO Management Systems (ISO 9001 Quality Management system, ISO 14001 Environmental Management System, ISO 45001 Occupational Health and Safety Management System), marking a new level of the company’s fine management
In 2019, our company (Jiangsu aorun new materials Co., Ltd.) obtained the certificate of "high tech enterprise" issued by the state. It means that our company has been promoted to a national high-tech enterprise. National high-tech enterprises are a precious authoritative affirmation for any enterprise. With our winning the title of national high-tech enterprise, our brand influence and position in the chemical industry will be further established.
The International Energy Agency (IEA) said recently that it is expected that global oil demand will accelerate this year. IEA raised its 2018 global oil demand forecast to 99.3 million barrels per day, up from 97.8 million barrels in 2017. IEA pointed out that the commercial crude oil inventory of OECD countries in January increased for the first time in seven months, reaching 2.871 billion barrels, 53million barrels higher than the five-year average. However, the IEA stressed that Venezuela's problems could still trigger a new wave of inventory decline. Venezuela is currently experiencing an economic crisis, and its oil production has fallen by 50% in the past two years, to the lowest level in more than 10 years.