- Business
- Zibo Qixiang Tengda Chemical Co., Ltd is a China-based chemical manufacturing company principally engaged in the research, development, production, and sales of fine and specialty chemical products. Founded in 2002 and headquartered in Zibo, Shandong Province, the company operates primarily in China with an expanding international presence. Its core product portfolio includes methyl ethyl ketone, maleic anhydride, propylene, butadiene, butadiene rubber, methyl methacrylate, nitrile latex, tert-butanol, isooctane, methyl tertiary butyl ether (MTBE), propylene oxide, acrylic acid, petroleum, chemical catalysts, and other petrochemical products. It also participates in supply chain management and trading of energy and chemical products. As a subsidiary of Shandong Energy Group New Materials Co., Ltd, Zibo Qixiang Tengda leads global production in carbon 4 deep processing, with significant output capacities across its product lines such as methyl ethyl ketone, maleic anhydride, and butadiene rubber.
In recent years, the company has made strategic expansions including a substantial investment of approximately RMB 1.2 billion in new production facilities to increase output capacity of phenol and acetone products by 30%, aiming to enhance its market share within the chemical sector. Moreover, it has formed a joint venture partnership with South Korea's SKC Co. to further expand its operations in eastern Shandong, reflecting a strategic alliance to strengthen its industrial base. Zibo Qixiang Tengda continues to emphasize sustainable manufacturing practices and eco-friendly technologies aligned with government environmental standards. The company also completed an equity buyback in early 2024 to optimize its capital structure. Operationally, Zibo Qixiang Tengda maintains an extensive chemical production complex, supporting a wide range of industrial chemical manufacturing and trade activities, consolidating its position as a key player in the Chinese and international specialty chemicals industry.