Shanghai Zhuoran Engineering Technology Co.

What Shanghai Zhuoran Engineering Technology Co. does

Shanghai Zhuoran Engineering Technology Co. (上海卓然工程技术股份有限公司, STAR Market ticker 688121) is a Chinese petrochemical equipment manufacturer and EPC general contractor headquartered in Shanghai's Changning district, founded in 2002/2003. The company's core business is the modular, integrated supply of large-scale refining and petrochemical process units — most notably ethylene cracking furnaces, where it reportedly held roughly 44.52% domestic market share by ethylene capacity in 2020 — alongside propylene dehydrogenation units, refining reactors, hydrogen-production reformers, and conversion furnaces. It complements equipment supply with EPC general contracting services covering design, procurement, and construction, executed through wholly-owned manufacturing subsidiaries in Jingjiang (Jiangsu) and Daishan (Zhejiang).

The business serves predominantly large state-owned and private Chinese refining and petrochemical groups — including Sinopec subsidiaries, CNPC entities, Yipai, Hengli, Wanhua, Sinochem, Yantai Wanhua and others — and is now extending its scope under a "one core, four chains" green low-carbon strategy: Sustainable Aviation Fuel (SAF), PBAT biodegradable materials, waste plastic chemical recycling, and carbon-capture-based green fertilizers. Revenue streams historically weighted toward petrochemical core equipment (~69.3% in 2020) and EPC services (~10.7%), with refining equipment (~14.1%) and a growing green-chemicals segment. The company commercializes its capabilities through a direct enterprise field-sales motion anchored on strategic customer signings, modular factory-style "one-stop" delivery, and an expanding overseas footprint across 27 domestic provinces and 16 overseas countries. IP assets include 300+ patents, National Technology Invention Awards, and partnerships with China University of Petroleum (East China), Lummus Technology, and Evonik to industrialize next-generation processes such as UPC (crude oil direct catalytic cracking to ethylene/propylene).

Name

Shanghai Zhuoran Engineering Technology Co.

Legal name

上海卓然工程技术股份有限公司

Website

https://supezet.com

Company type

Public

Founded year

2003

Headcount range

251–500 employees

Short description

Shanghai Zhuoran (STAR: 688121) is a Chinese petrochemical equipment manufacturer and EPC contractor holding dominant domestic share in ethylene cracking furnaces, serving large state-owned and private refiners and petrochemical groups across China and 16 overseas markets.

Ownership category

akta.pro rank

Product category

Petrochemical Equipment Manufacturing

NAICS

Petrochemical Manufacturing (325110)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Chemical & Petrochemical Plant Construction (IMAFADAA)

akta.pro secondary industry

Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE)

Keywords

• Petrochemical equipment manufacturing
• Ethylene cracking furnaces
• EPC engineering contracting
• Green low-carbon chemicals
• Modular integration supply

Headquarters

HQ city

Changning

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. 石化专用设备: 提供乙烯裂解炉、炼油专用设备等石化核心装备，2020年收入占比69.29%，是公司核心收入来源。
2. 炼油专用设备: 提供常减压炉、柴油加氢装置、制氢装置、丙烷脱氢装置等炼油专用设备，2020年收入占比14.09%。
3. 工程总承包服务: EPC总承包模式，提供设计、采购、施工一体化服务，2020年收入占比10.69%。
4. 其他产品及服务: 包括技术服务、智能运维等配套服务，2020年收入占比5.93%。
5. 绿色新能源及新材料: 可持续航空燃料（SAF）、可降解材料（PBAT）、再生与碳氢资源化产品、绿色农业与精细化学品等新兴业务板块，围绕「双碳」战略拓展。

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Shanghai Zhuoran Engineering Technology Co. (stock code 688121) manufactures and integrates large-scale petrochemical equipment, led by ethylene cracking furnaces in which it holds a 44.52% domestic market share. The company also delivers EPC general contracting services covering design, procurement, and construction, and is extending its portfolio into green low-carbon chemical products such as sustainable aviation fuel (SAF), PBAT biodegradable plastics, waste plastic chemical recycling, and green fertilizers under a '聚链智造' (chain-aggregated intelligent manufacturing) strategy.

Product overview

Shanghai Zhuoran Engineering Technology Co. (卓然股份, stock code: 688121) is a large-scale petrochemical equipment integration and green low-carbon chemical integrated solutions provider. The company offers a portfolio of four core green chemical products: Sustainable Aviation Fuel (SAF) for clean energy, PBAT biodegradable plastics for circular materials, waste plastic chemical recycling for hydrocarbon resource products, and green fertilizers for agriculture. In addition to these green chemical products, the company provides core industrial equipment including ethylene cracking furnaces, refining and chemical process equipment, EPC general contracting services, and digital platforms such as the proprietary Ju Lian Intelligent Manufacturing Operating System. The company follows a 'one core, four chains' strategy centered on green low-carbon chemical integration technology, driving deployment through modular integration and EPC capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Ethylene Cracking Furnace (乙烯裂解炉)

Quantifiable outcome

• 乙烯裂解炉市场份额达44.52%（按乙烯产能计算）
• +2 more outcomes

Named customers21 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

30 partnerships are on record, tiered core, major and standard.

• 湖南万容科技股份有限公司coreStrategic or Co-development Partner · 1 May 2026聚焦海外市场，围绕废塑料化学回收、生物质碳化、废轮胎裂解热解等核心技术路线开展一体化协同布局，共同规划搭建绿色低碳产业化合作平台。
• 德国赢创（Evonik Industries AG）majorStrategic or Co-development Partner · 1 May 2026与卓然-万容产业合作平台达成合作意向，将携手推进新加坡废塑料化学回收示范项目，整合催化精制、油品提质、脱氯净化等国际先进技术。
• 新加坡JE SYNERGY PTE. LTD.standardStrategic or Co-development Partner · 1 May 2026与卓然-万容产业合作平台及德国赢创共同推进新加坡废塑料化学回收示范项目落地实施。
• 鲁玛斯技术有限责任公司（Lummus Technology LLC）coreStrategic or Co-development Partner · 19 May 2025双方签署合作协议，聚焦岱山卓然集成基地，旨在将其打造成「全球石油化工装置模块化制造枢纽」。通过整合「先进工艺设计—核心设备供货—模块化制造」全流程能力，形成产业集群生态。
• 赤道几内亚共和国访华团majorStrategic or Co-development Partner · 2 May 2025以赤道几内亚副总统曼格先生为首的访华团与卓然股份举行会晤，双方就产业合作达成重要意向，共同探讨在赤道几内亚建设区域能源中心、构建完整炼油化工产业链的合作方案。
• 东莞巨正源科技有限公司coreStrategic or Co-development Partner · 2 April 2025围绕「锅炉燃料气智能优化、循环水系统优化及4*30万吨/年聚丙烯先进控制」等数智化项目展开合作，为石化行业的绿色发展与智能化升级注入新活力。
• 安徽中普石油能源有限公司coreChannel Partner/ Reseller/ Distributor · 18 January 2024签订40万吨/年异丁烷脱氢项目合作协议，卓然股份提供工程模块化设计、采购及施工总承包服务，合同金额8.9亿元，是公司在碳三、碳四产业链方向的重要布局。
• 广西宏坤standardChannel Partner/ Reseller/ Distributor · 1 January 2024全资子公司上海卓然数智能源有限公司与广西宏坤达成项目合作，共同推进项目落地。
• 中芳新材料有限公司majorStrategic or Co-development Partner · 9 September 2023签订靖江高强纤维产业园项目合作协议，拓展芳纶纤维领域、推动新材料园区建设。同时，靖江经济技术开发区与卧龙电驱、沈阳斯特、博颂能源、硕普能源等企业签订了投资意向框架。
• 白云电气集团有限公司majorStrategic or Co-development Partner · 28 June 2023签订战略合作框架协议，在电力系统开发设计与集成供货、化工新材料的研发和运用、供应链的精准协同以及产业链全球化等方面形成战略合作协议。
• 林德工程（Linde Engineering）majorStrategic or Co-development Partner · 14 April 2023在2023年易派客工业品展览会期间，卓然股份与林德工程达成战略合作伙伴关系，双方将在石化装备领域开展深度合作。
• 中国商飞上航公司majorStrategic or Co-development Partner · 14 April 2023进行工业数智创新平台的签约合作，商飞上航将以数字制造能力助力石化产业未来发展。
• 中核浦原majorStrategic or Co-development Partner · 14 April 2023共同签署联合创新战略合作协议，整合中核浦原核工业全产业链技术优势和卓然股份的一体化研发设计制造能力，共同推进装备系统集成、智能装备、氢能装备等领域的创新发展。
• 特变电工standardChannel Partner/ Reseller/ Distributor · 14 April 2023在2023年易派客工业品展上与卓然股份进行产业链集中签约，推进系统集成供货、智能化等装备制造领域的创新发展。
• 北京航天石化standardChannel Partner/ Reseller/ Distributor · 14 April 2023与卓然股份在易派客展会上进行产业链集中签约，共同推进石化装备智能化发展。
• 卧龙电驱（卧龙电气驱动集团股份有限公司）standardChannel Partner/ Reseller/ Distributor · 14 April 2023与卓然股份签订靖江高强纤维产业园项目投资意向框架，同时在易派客展会上进行采购协议签约。
• 沈阳斯特（沈阳斯特透平机械有限公司）standardChannel Partner/ Reseller/ Distributor · 14 April 2023与卓然股份签订靖江高强纤维产业园项目投资意向框架，同时在易派客展会上进行采购协议签约。
• 中化学华谊装备standardChannel Partner/ Reseller/ Distributor · 14 April 2023在易派客工业品展上与卓然股份进行产业链集中签约。
• 振华石油standardChannel Partner/ Reseller/ Distributor · 14 April 2023在易派客工业品展上与卓然股份达成商务合作。
• 昊图科技standardChannel Partner/ Reseller/ Distributor · 14 April 2023在易派客工业品展上与卓然股份达成商务合作。
• 易派客电子商务有限公司majorChannel Partner/ Reseller/ Distributor · 14 April 2023长期战略合作伙伴，卓然股份多次参与易派客主办的工业品展览会，双方共同推进石化产业链生态建设与供应链数智化。
• 中德经济界majorStrategic or Co-development Partner · 4 November 2022卓然股份董事长张锦红受邀出席国务院前总理李克强与德国总理朔尔茨会见中德经济界代表座谈会并进行发言，表示将积极把握大市场及全产业链体系的宝贵机遇，应用两国产业链升级的前沿技术及经验，助力中德企业共同探索绿色可持续发展之路。
• 华南农业大学coreStrategic or Co-development Partner · 11 January 2022联合创建「华南农业大学-卓然股份化工新材料协同创新联合实验室」，在聚烯烃等领域进行产学研合作，将实验室研究成果转化为商业价值。
• 岱山县人民政府majorOthers · 22 April 2021卓然（浙江）能源产业链集聚基地（岱山产业园）入园签约，以炼油装置、乙烯装置等石化装备产业为支撑，发展化工新材料等创新产业链，构建石化循环经济产业生态。
• 上海流程智造科技创新研究院coreStrategic or Co-development Partner · 13 December 2020由上海卓然工程技术股份有限公司作为发起方之一，联合华东理工大学、雪浪云、荣盛集团共同成立，以「打造成世界一流、全球领先的流程制造业智能化技术创新平台」为目标。
• 山东东明石化集团有限公司coreStrategic or Co-development Partner · 14 August 2020与中国石油大学（华东）三方签订《原油催化裂解制乙烯丙烯（UPC）技术工业试验与推广许可协议》，共同验证UPC技术的可行性并开发工业装置。
• 中国石油大学（华东）coreStrategic or Co-development Partner · 14 August 2020三方合作签约，共同推进UPC技术工业化进程，在石油化工、炼油、节能环保、智能装备等相关业务领域开展技术研发合作。
• 华东理工大学coreStrategic or Co-development Partner共同发起成立上海流程智造科技创新研究院，开展产学研合作，进行数字化转型、智能制造升级等课题研究。
• 北京化工大学coreStrategic or Co-development Partner联合开发「卓然聚链智造运营系统」，为整体运营管理流程提质增效。
• 华东理工大学standardStrategic or Co-development Partner卓然股份计划联合华东理工大学等高校组建联合课题小组，围绕材料创新、催化剂开发到工艺包集成开展全链条攻关，推动产学研资源在南虹桥深度融合。

Scale indicators11 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Wison Engineering: Hong Kong-listed Chinese EPC contractor focused on ethylene, refining and coal-to-chemicals projects. Direct China-based competitor to Zhuoran's petrochemical EPC + modular equipment offering with overlapping customer base among Chinese private and state-owned refiners.
• Sinopec Engineering (中石化炼化工程): Hong Kong-listed engineering arm of Sinopec providing integrated EPC for refining, petrochemicals and new energy. Overlaps directly with Zhuoran on Chinese ethylene, refining and downstream chemicals EPC contracts and modular equipment supply.
• China First Heavy Industries (中国一重): Large state-owned heavy equipment maker supplying pressure vessels, nuclear forgings and large-scale petrochemical/coal-chemical reactors in China. Competes with Zhuoran for heavy petrochemical equipment modules and cracking-furnace-type fabrication work.
• Maire Tecnimont (NEXTCHEM): Italian mid-sized EPC group active in petrochemicals, refining and fertilizers, with growing green-chemistry (SAF, bioplastics) exposure via NEXTCHEM. Closely comparable in scope to Zhuoran's combined EPC + new materials play.

Broad incumbents

• Technip Energies: Global, much larger EPC and technology licensor for ethylene, refining, LNG and bio-based projects. Competes with Zhuoran internationally on petrochemical plant EPC and increasingly on SAF/biopolymer technology integration.
• Saipem: Italian global EPC contractor with downstream refining and petrochemical capabilities plus emerging bio-refinery work. A broader, larger incumbent competing for the same offshore/onshore refinery and petrochemical packages that Zhuoran targets.
• Linde Engineering: Engineering arm of Linde plc providing global EPC for petrochemicals, hydrogen and air separation. Active Chinese strategic partner of Zhuoran since 2023 and broad incumbent in petrochemical plant engineering globally.
• Lummus Technology: US-headquartered global licensor of petrochemical process technologies (ethylene, propylene, refining) that signed a 2025 cooperation with Zhuoran to build the Daishan modular-manufacturing hub. Functions as both technology partner and broader process-IP incumbent.
• Honeywell UOP: US-headquartered, part of diversified Honeywell, licensing petrochemical, refining and renewable fuel process technologies including sustainable aviation fuel and plastics recycling. A broad incumbent whose process IP and modular offerings intersect with Zhuoran's EPC + new materials strategy.

Regional players

• Petrofac: UK-based EPC contractor focused on onshore oil & gas, refining and petrochemical projects primarily across the Middle East and North Africa. Comparable engineering delivery model, but operates in a different geographic footprint than Zhuoran's China-centric base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights8 records

Customer concentration

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shanghai Zhuoran Engineering Technology Co.