China's first domestically produced 20,000-ton/year methyl ethyl ketone (MEK) plant was completed and put into operation, achieving a breakthrough in key technologies.
Zibo Qixiang Tengda Chemical Co., Ltd. was officially established, marking the beginning of its entrepreneurial journey.
Qingdao Siyuan's 80,000-ton/year MEK plant went into operation, solidifying its leading position in the domestic industry and enhancing its global competitiveness.
The company successfully listed on the Shenzhen Stock Exchange.
A 100,000-ton/year maleic anhydride plant was completed and put into operation, marking the company's extension from C4 feedstock to high value-added chemicals.
Total MEK production capacity reached 180,000 tons/year, with a domestic market share exceeding 40% and exports accounting for over 70% of the national total, making it a core global supplier.
A 450,000-ton/year low-carbon alkane dehydrogenation and comprehensive utilization project was put into operation, essentially completing the C4 industrial chain and achieving a comprehensive utilization rate at an advanced world level.
Total annual production capacity of maleic anhydride reached 200,000 tons/year, forming a significant scale advantage in the new materials field.
