On January 17, 1997, the chairman Sun Hengchao took over the small refinery of Yinchuan Nanliang farm which is on the verge of closure, and established Yinchuan BD Chemical Auxiliaries Co., Ltd. (the first factory), then embarked on a magnificent entrepreneurial journey.
On October 7th, BD Group was registered and established by the corporate representative, Sun Hengchao. The company began to catalyze the study of project and initially made the development strategy.
On May 3, 1998, the first gas station of the BD, Zhongwei gas station was completed and opened.
On July 19, 1999, the special oil product line of BD Dagu Storage and Transportation Co., Ltd. was set up and the first batch of oil products were sent outside of the region.
On October 16, 1999, BD Group invested in the establishment of Yinchuan University approved by the government of Ningxia.
On December 1, 2000, the General Party Branch of Ningxia BD Group was established.
On June 18, 2001, Yinchuan University cooperated with the first factory and second factory to establish an integrated base of production, education and scientific research.
On December 18, 2001, Chairman Sun Hengchao was elected as member of the Eighth Committee of the CPPCC Committee in Ningxia.
The year of 2002
On January 1, Ningxia BD Lingzhou Petrochemical Co., Ltd. (the third factory) was established.
On February 8, the Economic and Trade Commission of Ningxia Hui Autonomous Region approved BD Petrochemical to become a Group Company and Ningxia BD Petrochemical Co., Ltd. changed its name to Ningxia BD Petrochemical Group Co., Ltd.