Zhenhua New Materials (Dongying) Co., Ltd. belongs to Yatong Petrochemical Group and is the main enterprise in the group's chemical new materials sector. The company was founded on March 15, 2022, located in the core area of Lubei high-end petrochemical industry base - Dongying Port Economic Development Zone. The company has a registered capital of 184 million yuan, covers an area of 1024 mu and has more than 260 employees. Is a collection of production, sales and scientific research as one of the medium and large high-tech enterprises. The company has passed ISO9001, ISO14001, ISO45001 international management system certification, has won the Dongying City science and technology enterprise, Shandong Province water-saving enterprise, Shandong Province innovative small and medium-sized enterprises and Dongying City safe enterprise and other honorary titles, the company's R & D center has passed the municipal engineering research center and municipal key laboratory accreditation.

The company has 100,000 tons/year butadiene rubber device, 100,000 tons/year styrene butadiene rubber device, 100,000 tons/year isobutane dehydrogenation MTBE device and 150,000 tons/year butadiene device, of which the main product butadiene rubber production can reach 100,000 tons/year, is one of the largest domestic manufacturers, the market share of more than 10%, the products sell well in the major domestic tire enterprises. In 2022, the company produced 46,190 tons of butadiene rubber, achieving an output value of 50.66 million yuan, sales revenue of 530.51 million yuan, and tax of 12.7 million yuan.

At present, the company has dozens of independent intellectual property achievements, research and development investment of 18.7 million yuan in 2022, 10 authorized patents, 10 research projects in 2023, and 19 patents applied. While independent research and development, the company actively carries out foreign exchanges and cooperation, and has signed industry-university-research cooperation agreements with Qingdao University of Science and Technology and other colleges and universities. Vigorously develop key technologies with independent intellectual property rights, accelerate the pace of industrialization of scientific and technological achievements, and provide technical reserves and support for realizing the leading position of synthetic rubber products.

In the next 3-5 years, the company will adhere to the high-end and high-quality development of the chemical industry, make full use of the unique location advantages of the port area, rely on the internal products of the group's Dongying sector, expand the petrochemical industry chain, and achieve greater benefits, and invest 2 billion yuan to plan a new synthetic rubber device: 100,000 tons/year high-performance rare earth butadiene rubber device; Maleic anhydride downstream device: 100,000 tons/year BDO device, 50,000 tons/year NMP device, 50,000 tons/year succinic acid device and 60,000 tons/year PBS/PBAT flexible device; Styrene downstream device: 2× 100,000 tons/year polystyrene device; Butane reaction downstream device: 50,000 tons/year butadiene extraction device and 200,000 tons/year pyrolysis gasoline hydrogenation device, the completion of the series of projects will effectively drive the development of petrochemical and new materials high-end industrial chain in the port area, accelerate the optimization and upgrading of the chemical industry system in the port area, and enhance the competitiveness of the core area of Lubei high-end petrochemical industry base in the port area.

At the same time, through 2-3 years of accumulation of scientific and technological innovation, to achieve the Shandong Province specialized special new small and medium-sized enterprises, national specialized special new small giant enterprises, national high-tech enterprises, Morningstar factory and green factory identification conditions, to achieve the strategic goal of transformation to high-end new materials benchmarking.