Sponsored
Singapore
SP Chemicals was founded in Taixing City, China, by Singapore investors in 1995 with an initial capital of 29.5 million US dollars. Today, the firm is a fully owned subsidiary of SP Chemicals Pte Ltd based in Singapore and has developed from a chlor-alkali producer into a petrochemical provider. The company operates a cracker plant as well as its own power plant and produces ethylene, propylene, styrene, vinyl chloride monomer, carbon dioxide, chlorine, and hydrogen. The capitalized capital stands at 521.9 million US dollars, while total investments reached 11 billion RMB by December 2021. The firm is headquartered in the China Fine Chemical Industry Taixing Park, a specially designated economic zone for fine chemicals in Jiangsu Province, and enjoys a strong market position in Jiangsu-, Shandong- and Zhejiang-Provinces.
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