Founded in 1992, Hangzhou Zhongce Qingquan Industrial Co., Ltd. (changed name from the original Hangzhou Fuchunjiang Industry Co., Ltd. in March 2012) is joint venture of Hangzhou Zhongce Rubber Co., Ltd. and Fuyang Industry & Trade Asset Operation and Investment Group Co., Ltd. The company engages in the production of carbon black as well as rubber compound processing and carbon black tail gas power generation projects. The company can yearly produce 80, 000 tons of carbon black, the annual rubber mixing capacity can reach 300, 000 tons, and the annual generating capacity is 65 million degrees.