Shaanxi Yanchang Petroleum Yushen Energy and Chemical Co., LTD. (referred to as Yushen Chemical Co., LTD.) is a wholly-owned subsidiary of the provincial state-owned Yanchang Petroleum Group, which belongs to the Yulin Coal Chemical sector. It was incorporated on December 14, 2011, formerly known as the Preparation Office of Xiwan Coal Chemical Project established by Yanchang Petroleum in March 2010.

Since its establishment, the company has been actively seeking and exploring the road of clean and efficient transformation of coal in accordance with the overall requirements of "three transformations" of the national energy and chemical base in Northern Shaanxi and the strategic layout of the extended Petroleum Group, and has formulated and demonstrated several versions of feasibility studies. In 2017, the company planned to extend 8 million tons of oil/year coal tar extraction and synthesis gas integration (CCSI) industry demonstration project, was included in the National Energy Administration "Coal deep processing industry demonstration" "13th Five-Year Plan", become the national "13th Five-Year Plan" coal quality utilization key construction project. According to the Group's working idea of "unified planning, phased implementation, near and far combination, flexible adjustment", the company started the construction of 500,000 tons/year coal-based ethanol project in advance.