Shenghong Petrochemical
A wholly-owned subsidiary of Shenghong Holding Group (Fortune Global 500 #161) operating a 16 km² petrochemical industrial base in Lianyungang, producing refined oil, basic chemicals, and advanced new materials including EVA, POE, PETG, and acrylonitrile.
- CEO / Founder
- Hangen Miao (缪汉根)
- Team Size
- 10000+
- Stage
- Established
- Key Investors
- Wholly owned by Shenghong Holding Group (private, controlled by Miao Hangen family); listed subsidiary: 东方盛虹 (Jiangsu Eastern Shenghong Co., Ltd., SZ: 000301)
Technology & Products
Key Products
16 million tons/year refining-petrochemical integration (refining); photovoltaic-grade EVA (900,000 tons/year); POE polyolefin elastomer (100,000 tons/year); PETG (130,000 tons/year); acrylonitrile (1.04 million tons/year); PTA purified terephthalic acid (3.9 million tons/year); EC/DMC carbonate; ultra-high molecular weight polyethylene (UHMWPE); acrylic acid and esters; ethylene oxide; pure benzene; para-xylene; ethylene glycol
Technological Advantage
Proprietary POE catalyst and full production technology breaking foreign monopoly; proprietary PETG production with full IP; 100万吨级 EVA capacity; "黑灯实验室" (dark factory lab) for automated quality testing; "虹云" industrial internet platform for smart manufacturing; 3国家级绿色工厂; carbon capture-to-methanol value chain.
Differentiation
Value Proposition
Integrated "oil-coal-gas" feedstock system with 16 million tons/year refining capacity, producing high-value new energy and new materials at scale with full proprietary technology for EVA, POE, and PETG.
How They Differentiate
Shenghong is one of the four major private Chinese petrochemical groups with proprietary technology for both photovoltaic-grade EVA and POE, and the only one with a fully integrated "oil-coal-gas" tri-feedstock system. Its PETG plant broke foreign monopoly (Eastman, SK). The company focuses more on high-value new energy/new materials rather than commodity fuels.
Market & Competition
Target Customers
Industrial chemical buyers, photovoltaic module manufacturers, textile and fiber producers, packaging material manufacturers, and downstream polymer processors.
Industry Verticals
Petrochemical refining; New energy (photovoltaic); New materials; Textile & fiber; Packaging; Green chemistry
Competitors
恒力石化 (Hengli Petrochemical); 荣盛石化 (Rongsheng Petrochemical); 恒逸石化 (Hengyi Petrochemical)
Growth & Milestones
Growth Metrics
2025 industrial output: ¥149.6B (approx. $20.5B);累计 investment over ¥200B; ~12,000 employees; Fortune Global 500 #161 (2025); 3国家级绿色工厂
Major Milestones
2019-02-25: Company established; 2022-12: 1600万吨/年 refining project fully operational; 2023-09: 10万吨/年 CO2-to-methanol plant operational; 2024-01: 13万吨/年 PETG plant operational; 2025: 10万吨/年 POE plant operational, breaking foreign monopoly; 2025: Fortune Global 500 #161; 2026: "黑灯实验室" (dark lab) iteration completed
Notable Customers
Major photovoltaic module manufacturers (EVA/POE supply); textile and fiber companies; downstream chemical processors; futures market participants via Dalian Commodity Exchange delivery warehouses