Beijing Huafu Engineering Co., Ltd. (HFEC) was a joint venture established in 1985 by Beijing Petrochemical Engineering Company (BPEC) and Flour Daniel, the world renowned American engineering company. After having experienced shareholder restructuring and privatization in 2002-2005, HFEC was acquired fully by Beijing Shenwu Energy Technology Co., Ltd. HFEC as a wholly-owned subsidiary of Shenwu Group is accredited as a high-tech company in Beijing.