Lung Hwa Electronics Co., Ltd. (2424)

Overview

Prime Oil Chemical Service Corporation, established in 1978 and headquartered in Taipei, Taiwan, specializes in providing comprehensive services to the petrochemical industry. The company's core offerings include petrochemical shore tank storage services, indicating a strong focus on the logistical and storage requirements of petrochemical manufacturers and traders. Additionally, Prime Oil Chemical Service Corporation has diversified its operations by venturing into the renewable energy sector, specifically through the construction and management of photovoltaic power generation systems. This diversification reflects the company's commitment to sustainable energy and its capability to manage projects across different sectors. Moreover, its involvement in general trading and commercial real estate leasing activities showcases its versatility and ability to adapt to the dynamic demands of the market. Prime Oil Chemical Service Corporation, by serving a vital role in both the petrochemical and renewable energy industries, positions itself as a multifaceted corporation with a diverse portfolio of services.

Products and Services

• Petrochemical Shore Tank Storage Services

  Prime Oil Chemical Service Corporation provides specialized storage solutions for petrochemical products. This service caters to the needs of petrochemical manufacturers and traders, ensuring the safe and efficient storage of a wide range of chemicals. These shore tank storage services are crucial for the logistical operations of the petrochemical industry, facilitating the smooth flow of goods from production to distribution.

• Photovoltaic Power Generation Systems

  The company has made significant strides in the renewable energy sector by building and operating photovoltaic power generation systems. With a total installed capacity of 23.31MW, these systems not only underline Prime Oil Chemical Service Corporation’s commitment to sustainable energy solutions but also contribute a substantial clean energy output. This venture into photovoltaic power demonstrates the company's ability to diversify and innovate beyond its traditional petrochemical base.

• General Trading

  In addition to its storage and energy generation services, Prime Oil Chemical Service Corporation engages in general trading activities. This aspect of its operations encompasses the trade of various products and commodities, enabling the company to leverage its extensive network and expertise in commercial transactions. The general trading division expands the company's reach into different markets, opening up new avenues for growth and collaboration.

• Commercial Real Estate Leasing

  The company also ventures into commercial real estate leasing, offering properties for a variety of commercial uses. This service highlights Prime Oil Chemical Service Corporation’s investment in real estate as a strategic component of its business model, providing steady revenue streams and capitalizing on the value of its properties. Through commercial leasing, the company supports other businesses in securing prime locations for operations, thereby fostering a mutually beneficial ecosystem.