Befar Group was established in 1968 and put into production in 1970. Through more than 50 years’ entrepreneurship , innovation and breakthrough, the corporate group has grown into a comprehensive chemical corporate with prominent main businesses and integrate industrial chain. Befar Group is divided into five major business departments, namely, chlor-alkali business department, petrochemical business department, new material, new energy and specialty chemical business departments, products of which have been sold to over 100 countries and regions. Up to the end of 2023, accumulated profits and taxes reached 72.49 billion yuan, accumulated paid-in taxes reached 53.06 billion yuan.

As the core company of the corporate group, Befar Group Co.,Ltd (Befar for short, SH 601678) was successfully listed on public through Shanghai Stock Exchange Institute in February, 2010. caustic soda as well as propylene oxide products have received the high-end chemical brand of “Good Product of Shandong”. Befar is now the executive member of China Chlor-alkali Industrial Association, one of master chain enterprises among major industrial chains in Shandong Province. Befar has received multiple honorary titles represented by “China’s Most Socially Responsible Enterprise”, “National Model Enterprise in Creating Harmonious Labor Relations”, “Social Responsibility Enterprise of Shandong Province”  “Shandong Charity Award” etc and“China's top 500 private enterprises”. In addition, Befar has gained the honorary title of “Energy-conserving Forerunner and Benchmark Enterprise among China’s Major Energy-consuming Industrial Products” for 9 consecutive years.

Currently, with the vision of “creating an industrially leading and zero-carbon model enterprise with leading innovation ability, first-class profitability, outstanding management standard and forerunning social responsibility” and with “value creation and humanistic spirits” as its two major targets, Befar Group is committed to creating three major business clusters, namely, 100-billion yuan scale new material and mega-chemical industrial cluster,  technology and capital integrated incubation cluster and the talents and intelligence cluster which is vital and absorbs both domestic and foreign talents, establishing four major bases, namely, Bincheng Basic Chemical and Electronic Chemical Base, Beihai New Material Base, Zhanhua New Energy Base and Yangxin Fine Chemical Base which are highly coordinated industrially. Befar Group is poised for the new journey featured by internationalization and leapfrog development by building itself into a large-scale “platform-style ecological” enterprise based on five major pivotal systems driven by scientific innovation, zero-carbon industry, smart manufacturing, openness as well as energizing and social responsibility.

Based on the global chemical development trend, China Chemical Exploration Practice and the major opportunities facing Binzhou, Befar Group has pioneered the future-oriented "Beikun Plan". Taking near zero carbon chemical industry as the strategic goal, we aim to create six core industrial clusters, layout two high-end equipment manufacturing bases, build a strategic scientific and technological strength system, and strive to build a national level new energy chemical industry base with world influence in the northern part of Binzhou.

Befar is gathering strength for ushering in the new chapter and is forging ahead resolutely and steadily. Looking ahead, with the pre-set “12345” strategic planning and development principle as its guidelines, with strategic channels as its pivots, Befar Group will keep to openness and cooperation with internationalized vision, advance industrial intelligentization with full-out efforts, continuously and resolutely act as a forerunner and practitioner of green chemical and low-carbon upgrading, so to create utmost value for the society, for its clients, shareholders and employees,  and promoting development of  World ’s green chemical industry !