Oriental Energy announced on February 12 that the company's holding subsidiary Oriental Energy (Maoming) Co., Ltd. plans to invest in the “Alkanes Comprehensive Utilization Project (Phase 1)”. With a total investment of RMB16.617 billion, the project will realise an average annual profit of RMB2.243 billion after being implemented.  

In addition, in order to ensure the stable supply of raw materials for medical care and public health enterprises such as masks and protective suit, the company decided to increase production of non-woven fabrics special materials. Its subsidiary Oriental Energy (Zhangjiagang) New Materials Co., Ltd. will produce 35 000 tons of Y381H nonwoven fabrics special materials in February 2020 and Oriental Energy (Ningbo) New Materials Co., Ltd. will produce 10 000 tons of S2040 and S2025 respectively in February 2020. The production plan will be further adjusted in accordance with the development of the coronavirus.