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Shenghong Petrochemical Industry Group is an innovative and ecological industrial cluster created by the Shenghong Holding Group. It is located in the National East-Central-West Regional Cooperation Demonstration Zone (Lianyungang Xuwei New Area). The industrial park has a planned area of ??approximately 16 square kilometers. It integrates production, research and development, logistics support and other functions. It adheres to the integration of refining and chemicals and the balanced development of the entire industrial chain of high-end new materials.

Since 2010, Shenghong Petrochemical has closely followed the national strategic direction and accelerated the layout and project implementation of new energy, new materials and green and low-carbon industries, into which it has invested approximately 200 billion yuan. It focuses on the construction of the 16 million tonnes/year refining and chemical integration project with the largest single-process scale in China, the 2.4 million tonnes/year alcohol-based polygeneration project with the world's largest monomer scale, the 700,000 tonnes/year propane industry chain, and the 6.3 million tonnes/year PTA project and other major projects, and is fully equipped with over 5 million cubic meters of storage tank area, Jiangsu's first 300,000-tonne crude oil berth, multiple 50,000-tonne to 100,000-tonne liquid chemical berths, and cogeneration projects.

Focusing on the national strategic emerging industries, Shenghong Petrochemical has accelerated the research on "stuck neck" core technologies and comprehensively improved the high-end supply capacity of the industrial chain. Currently, Shenghong Petrochemical has a production capacity of 1.04 million tonnes/year of acrylonitrile and 1.05 million tonnes/year of EVA. It is the world's largest supplier of high-end new materials such as acrylonitrile and photovoltaic-grade EVA, and has achieved complete independence of POE catalysts and a complete set of production technologies, becoming the only domestic enterprise with independent production technologies for both mainstream photovoltaic film materials, photovoltaic-grade EVA and POE. In August 2025, Shenghong¡¯s 100,000 tonnes/year POE project was successfully put into operation. In January 2024, the company's independently developed and innovatively designed high-end new material PETG device was successfully put into operation, with a production capacity of 130,000 tonnes/year, ranking first in the country. It has applied for 13 patents around core technologies, all of which have independent intellectual property rights.

Shenghong Petrochemical actively responds to the "double carbon" strategy, based on green technology innovation, and in-depth exploration of "whole process carbon reduction". In terms of source carbon reduction, Shenghong Petrochemical will be the first in the industry to use nuclear power steam, which is expected to reduce carbon emissions by approximately 966,000 tonnes per year. In terms of process carbon reduction, Shenghong Petrochemical has established a "green, low-carbon, recycling" production system and built three national-level green factories. In terms of terminal carbon reduction, Shenghong Petrochemical continues to explore the utilization of carbon dioxide resources and builds the industry's first "carbon dioxide capture and utilization-green methanol-new energy and new materials" industrial chain. In September 2023, Shenghong Petrochemical's 100,000 tonnes/year carbon dioxide to methanol project was officially put into operation. It is designed to actively absorb 150,000 tonnes of carbon dioxide/year, convert 100,000 tonnes of methanol/year, and indirectly reduce carbon dioxide emissions by 550,000 tonnes/year, which is equivalent to 37,000 hectares of forest area. As an extension of the green carbon-negative industry chain, in March 2024, the EC/DMC device that can be used to produce new energy materials such as electronic-grade ethylene carbonate and dimethyl carbonate was officially put into production.

Under the guidance of the new development concept, Shenghong Petrochemical comprehensively promotes the "1+N" industrial layout of the core raw material platform + new energy, new materials and other diversified industrial chains, and strives to build a high-tech industrial group with "strong basic raw material security capabilities and world-class new energy and new material R&D and supply capabilities".