July 24, 2025 – The Engineering Design Contract Signing Ceremony and Kick-off Meeting for the Chengzhi Huaqing New Materials Industrial Park Project (2×100kt/a POE) of Qingdao Chengzhi Huaqing Chemical New Materials Co., Ltd. (Chengzhi Huaqing) was successfully held. Wei Junmin, Director and President of Chengzhi, and Tan Bin, Vice President, attended the event. Jiang Haijun, Deputy General Manager of Chengzhi Huaqing, along with the company's project technical personnel, and management as well as relevant engineering technical personnel from Zhejiang Ruizhi Holding Group Co., Ltd., Zhejiang Zonepic Petrochemical Technology Co., Ltd., and Shanghai Zonepic Chemical Technology Co., Ltd., jointly participated in the activity.

 

 

 

During the ceremony, the two parties successfully signed the engineering design contract and officially launched the design kick-off meeting, laying a solid foundation for the subsequent design and construction work of the project.

 

 

 

As a significant strategic layout for Chengzhi in the field of chemical new materials, the Chengzhi Huaqing New Materials Industrial Park project, upon completion and operation, will significantly enhance China's self-sufficiency capacity for high-end polyolefin materials. In the future, Chengzhi Huaqing will earnestly fulfill the responsibility of "Chengzhi people" in deeply cultivating and working diligently in the high-end chemical new materials sector, ensuring the project is completed and put into operation as scheduled. This will contribute to the industrial development of the Qingdao West Coast New Area and provide "Chengzhi strength" to support the high-end transformation of China's polyolefin industry.

 

Further Reading:

The 2×100kt/a POE project adopts the fully independent and proprietary POE complete process technology package developed by Zhejiang Zonepic, with Shanghai Zonepic undertaking the engineering design. This technology was co-developed by Zhejiang Zonepic in collaboration with universities. Having undergone small-scale testing and kiloton-scale pilot verification, Zhejiang Zonepic has successfully developed a complete process for a single 100kt/a line, which is now ready for large-scale industrialization. This provides strong technical support for the smooth progress and high-quality commissioning of the project.

 

Background Reading:

Chengzhi Shareholding Co., Ltd.(Stock Code: 000990), founded in October 1998, with its management headquarters located in Beijing, is a state-controlled high-tech industrial group focused on the clean energy chemical industry as its core business.

Qingdao Chengzhi Huaqing Chemical New Materials Co., Ltd., a wholly-owned subsidiary of Chengzhi, was established in June 2022. Located in Huangdao District, Qingdao City, Shandong Province, with a registered capital of RMB 1 billion, the company plans to invest in and construct a POE (Polyolefin Elastomer) project and an Ultra-High Molecular Weight Polyethylene(UHMWPE) project in the Dongjiakou Economic Zone of the Qingdao West Coast New Area. The estimated investment amounts are approximately RMB 4 billion and RMB 800 million, respectively.