The company was formerly known as the Lanzhou Petroleum Machinery Research Institute Petrochemical Equipment Plant. The company belongs to a national first-class scientific research institution of the former Ministry of Petroleum Industry, the Ministry of Machinery Industry, and the State Machinery Industry Administration, and is the national petroleum drilling machinery and refining and chemical equipment industry technology center. The company is mainly engaged in R&D, design, production, installation, technical services, and quality and performance inspection services for petroleum and petrochemical equipment. The main products and services include heat exchangers, air coolers, crude oil production and separation treatment equipment, fibrous liquid film separation technology and complete equipment, membrane separation technology and products, spherical tanks, towers, containers, technical equipment for oil drilling, inspection and testing services, etc. The company has accumulated 1,112 scientific and technological achievements, including 3 national invention awards, 3 national science and technology progress awards, 3 national major technical and equipment achievement awards, 10 national science conference awards, 166 ministerial (provincial) science and technology progress awards; 24 national new products and national torch plan products.