Company Profile

Zhenhua New Materials (Dongying) Co., Ltd. was established on March 15, 2022, located in the core area of the high-end petrochemical industry base in northern Shandong - Dongying Port Economic Development Zone. The company has a registered capital of 184 million yuan, covers an area of more than 1024 acres, and currently employs more than 260 people. It is a medium-sized high-tech enterprise that integrates production, sales, and scientific research. The company has passed ISO9001, ISO14001, and ISO45001 international management system certifications, and has been awarded honorary titles such as Dongying Science and Technology Enterprise, Shandong Water Saving Enterprise, Shandong Innovative Small and Medium Enterprise, and Dongying Safe Enterprise. The company's R&D center has been recognized by the municipal engineering research center, municipal key laboratory, municipal enterprise technology R&D center, and municipal enterprise technology center.

The company currently has a 100000 ton/year butadiene rubber plant, a 100000 ton/year styrene butadiene rubber plant, a 100000 ton/year isobutane dehydrogenation MTBE plant, and a 150000 ton/year butadiene plant. Its main product, butadiene rubber, has a production capacity of up to 100000 tons/year, making it one of the largest domestic manufacturers with a market share of over 10%. Its products are best-selling among major domestic tire enterprises. From April to December 2022, the company produced 46190 tons of butadiene rubber, achieving an output value of 500.66 million yuan, sales revenue of 530.51 million yuan, and paid 12.7 million yuan in taxes.

At present, the company has dozens of independent intellectual property achievements. While conducting independent research and development, the company actively carries out external exchanges and cooperation, and has signed industry university research cooperation agreements with universities such as Qingdao University of Science and Technology. It vigorously develops key technologies with independent intellectual property rights, accelerates the industrialization of scientific and technological achievements, and provides technical reserves and support for achieving the leading position in the technology of synthetic rubber series products.

In the next 3-5 years, the company will adhere to the path of high-end and high-quality development in the chemical industry, fully utilize the unique geographical advantages of the port area, rely on the internal products of the Dongying section of the group, expand the petrochemical industry chain, achieve benefits, and invest 2 billion yuan to plan a new synthetic rubber plant: a 100000 ton/year high-performance rare earth butadiene rubber plant; Downstream units of maleic anhydride: 100000 ton/year BDO unit, 50000 ton/year NMP unit, 50000 ton/year succinic acid unit, and 60000 ton/year PBS/PBAT flexible unit; Downstream styrene device: 2 × 100000 tons/year polystyrene plant; Downstream devices for butane reaction: 50000 tons/year butadiene extraction device and 200000 tons/year cracking gasoline hydrogenation device. After the completion of a series of projects, it will effectively drive the development of the port's petrochemical and new material high-end industry chain, accelerate the optimization and upgrading of the port's chemical industry system, and enhance the core competitiveness of the port's Lubei high-end petrochemical industry base.