Jinneng Chemical

Qingdao Jinneng New Materials Co., Ltd. is a wholly-owned subsidiary of Jinneng Technology Co., Ltd.'s Qingdao West Coast Jinneng Investment Co., Ltd., located in the beautiful Qingdao West Coast, known for its 'red tiles and green trees, blue sea and sky'. Jinneng Technology Co., Ltd. is a comprehensive chemical enterprise with resource comprehensive utilization and circular economy, established in 2004, with total assets of 6.856 billion yuan and over 3,000 employees. It has a national enterprise technology center and national laboratory, and is an industry model of 'efficient resource use, green and low-carbon' circular development. It is a national high-tech enterprise and has been ranked among the top 500 Chinese petroleum and chemical enterprises for 9 consecutive years. In May 2017, it was listed on the Shanghai A-share market (stock code 603113), being the only one among over 50 coal coking enterprises in Shandong Province and one of the 4 listed companies among over 730 coal coking enterprises nationwide. It has successively won honors such as 'National Technology Innovation-oriented Coal Chemical Enterprise', 'National First Batch of Green Factories', and 'International Combined Heat and Power Award'. Qingdao Jinneng has invested in the construction of the New Materials and Hydrogen Energy Comprehensive Utilization Project. The project has a total investment of 20.3 billion yuan, covering an area of 2,291 mu, adopting world-class equipment, introducing top-notch American technology, creating a unique circular economy development model, and gathering first-class talents. The main construction includes 100,000 tons/year MMA, 260,000 tons/year acrylonitrile, 300,000 tons/year propylene oxide, 480,000 tons/year green carbon black, 900,000 tons/year high-performance polypropylene, 1.8 million tons/year propane dehydrogenation, and clean hydrogen energy comprehensive utilization series projects, with the largest single-unit scale in the global industry, selected as a preferred high-end chemical project in the first batch of Shandong Province's new and old kinetic energy conversion major projects. The project is being constructed in two phases. The first phase is under intense construction. After all phases are completed and put into operation, the company expects annual sales revenue of over 30 billion yuan, profits exceeding 3 billion yuan, taxes exceeding 2 billion yuan, and an annual by-product of 80,000 tons of hydrogen, which can meet the needs of 500,000 new energy vehicles. The company is committed to building the project into a digital and green model, striving to make Jinneng a globally top-tier and unique safe company, environmentally friendly company, honest company, profitable company, socially responsible and respected company.