QINGDAO ON-BILLION INDUSTRIAL CO.,LTD was established in 2004 with the approval of China Chamber of Commerce. As a comprehensive international trading company under the direct management of Qingdao Yijia International Trade Group Co., Ltd, it was founded on basis of No. 8 business department of Qingdao Yijia Tongshang Import and Export Co., Ltd. with registered capital RMB 51 million, and office floor area 1200 m².

No. 8 business department established in 1993 was the largest and best business department in Qingdao Yijia Tongshang Import and Export Co., Ltd., and won the title of Advanced Business Department of Qingdao Foreign  Economic and Trade Commission System many times. This department has molded the labor model of enriching people and prospering Shandong in Shandong province,Qingdao labor model and Shandong export earning expert. Over the past 10 years, this department has been adhering to the road of developing specialized chemicals, has developed a technical and sales team with high professional quality and strong product R&D capability, and has successfully developed export of furan series products.

Qingdao On-Billion Industrial Co., Ltd. exported a total of 30000 tons of furan liquid chemicals through the transportation methods of containers, ISO Tank, and bulk vessels in 2008. This company was top three in the rank of enterprises exporting Furfural, Furfuryl alcohol, Tetrahydrofurfuryl alcohol (THFA) and 2-Methyl furan through the last consecutive five years 2000-2004 ; was in the first place through the last consecutive eleven years 2005-2015;and was honored as Executive Board Director of Furfural and Furfuryl alcohol Sub-Association of China Chamber of Commerce of Metals, Minerals & Chemicals Importers and Exporters (CCCMC).

A great peculiarity of this company is to export fluid chemical products through ISO Tank independently. Since starting to export fluid chemical products through ISO Tank in 1996, this company has owned 112 ISO Tanks for annual recyclable use far, and currently is one of the biggest international trading companies specializing in ISO Tanks operation in China. Its annual export volume of furan series liquid chemicals exceeds 30,000MT.The best advantage of ISO Tank is its recyclable use,which enjoys lower transportation costs and environmental protection advantages, and it is used exclusively for exporting liquid chemicals to Japan, South Korea and Thailand.

Besides import and export of above-mentioned chemicals, Qingdao On-Billion Industrial Co.,Ltd has successfully exported a few high-tech items including high-grade food additives, flavor and fragrance, agricultural and rubber intermediates etc. Taking advantage of domestic production technology innovation and production cost advantages, Qingdao On-Billion Industrial Co., Ltd. carries out technology cooperation with foreign clients by inviting foreign production into China and exporting finished products totally with high quality. This not only is both beneficial for foreign client and this company, but also elevates research and development standard of this company.

In order to achieve a sustainable development structure and guarantee supply of exported products, it invested and established two joint ventures in recent years. In this way, its industrial construction was stably being carried out. Therefore, its business volume reached USD 105 million in 2011, 73 million in 2017 and 97 million in 2021. From 2007 to 2021, it was continuously awarded as one of the top 100 enterprises by export of Qingdao city. Its export market covers more than 20 countries and regions including the United States, Canada, Europe, South America, Russia，Australia, Japan, South Korea and East Asia.