Satellite Petrochemical

What Satellite Petrochemical does

Satellite Petrochemical, formally Satellite Chemical Co., Ltd. (STL), is a Chinese publicly listed petrochemical manufacturer (Shenzhen Stock Exchange, listed December 28, 2011) headquartered in Jiaxing, Zhejiang Province. The company operates a light-hydrocarbon-based integrated production platform built around dual C2 and C3 industrial chains, and is the first firm in China to deploy an ethane cracker combined with an integrated C3 chain. Its product portfolio spans C2 derivatives (ethylene oxide, high-density polyethylene, ethylene glycol, polycarboxylic monomer) and C3 derivatives (acrylic acid and esters, super absorbent polymer/SAP, polymer emulsion and resin, polypropylene), supplemented by pigment intermediates, hydrogen peroxide, and emerging advanced materials such as polyolefin elastomers (POE) produced via proprietary metallocene-catalyzed solution polymerization and electronic-grade hydrogen peroxide. End-use applications include aerospace, new energy vehicles, electronics, photovoltaic encapsulation, hygiene products, automotive, construction, and healthcare.

The company generates revenue through B2B direct sales to industrial customers via dedicated internal (domestic) and foreign trade departments, with pricing conducted on a quote basis rather than published rates. It runs three principal manufacturing sites — a Jiaxing headquarters, the Pinghu Integrated Manufacturing Base (Dushan Harbor Chemical Industrial Park; RMB 1.2 billion registered capital; housing the largest single-set acrylic acid unit in China at 320,000 tons/year plus 300,000 tons/year of ester capacity), and the Lianyungang Petrochemical Olefins Comprehensive Utilization Project (Xuwei New District; 3.2 million tons/year light hydrocarbon processing capacity, fully operational since August 27, 2022, with planned investment exceeding RMB 300 billion). Operational digitalization is delivered through the proprietary Nebula industrial internet platform, which integrates cloud computing, AI, and big data to enable online business operations, process management, risk visualization, and intelligent decision-making. STL markets through industry exhibitions such as ICIF CHINA and earned media channels, and pursues a multi-segment horizontal go-to-market spanning petrochemical processing, personal care, industrial materials, and advanced materials customers in China.

Name

Satellite Petrochemical

Legal name

SATELLITE CHEMICAL CO.,LTD.

Website

https://en.stl-chem.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Satellite Petrochemical (Satellite Chemical / STL) is a Shenzhen-listed Chinese petrochemical manufacturer operating integrated C2 and C3 light-hydrocarbon industrial chains, producing acrylic acid, esters, SAP, polyethylene, polypropylene, ethylene oxide, POE, and other specialty chemicals for hygiene, automotive, electronics, photovoltaic, and industrial customers across China.

Ownership category

akta.pro rank

Product category

Petrochemical Manufacturing

NAICS

Petrochemical Manufacturing (32511), Resin and Synthetic Rubber Manufacturing (32521), Other Basic Organic Chemical Manufacturing (32519)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)

akta.pro primary industry

Base Olefins (Ethylene, Propylene, Butadiene) (IMAEADAA)

akta.pro secondary industry

Olefins (Ethylene, Propylene, Butadiene) (EUALAHAD)

Keywords

• Light hydrocarbon processing
• Petrochemical manufacturing
• Polyolefin elastomers production
• Acrylic acid production
• Specialty polymer materials

Headquarters

HQ city

Nanhu

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Distribution channels2 records

Marketing channels2 records

Core offering

Satellite Petrochemical (Satellite Chemical Co., Ltd.) is a low-carbon petrochemical manufacturer that processes light hydrocarbons (ethane and propane) into olefins and downstream specialty chemicals. The company operates dual C2 and C3 industrial chains producing ethylene oxide, HDPE, ethylene glycol, polycarboxylic monomers, acrylic acid and esters, superabsorbent polymer (SAP), polymer emulsions, polypropylene, pigment intermediates, hydrogen peroxide, and polyolefin elastomers (POE). Products serve industrial buyers across personal care, automotive, electronics, aerospace, construction, and pharmaceutical sectors.

Product overview

Satellite Chemical (Satellite Petrochemical) is a low-carbon chemical company with new technology materials based on light hydrocarbons. The company operates dual C2 and C3 industrial chains, being the first company using ethane cracker and integrated C3 industrial chain in China. The product portfolio includes core chemical products organized by two main series: C2 products (Ethylene Oxide, High Density Polyethylene, Ethylene Glycol, Polycarboxylic Monomer) and C3 products (Acrylic Acid and Acrylic Esters, Super Absorbent Polymer, Polymer Emulsion and Resin, Polypropylene). Additional products include Pigment Intermediates and Hydrogen Peroxide. The company is expanding into advanced materials including Polyolefin Elastomers (POE) and Electronic-grade Hydrogen Peroxide. Products serve diverse applications in aerospace, new energy vehicles, electronic chips, green infrastructure, healthcare, textiles, automotive, construction, and petrochemical refining.

Differentiator

Problem solved

Functional benefit

Brands

• Mother Yang's Public Welfare Activity: Charity and public welfare brand of Satellite Chemical, carrying out various charity events including education, poverty alleviation, and community support.

Products and services

• Ethylene Oxide Colorless, pure liquid chemical intermediate used in washing and dyeing, electronics, medicine, pesticides, textiles, papermaking, automobiles, petroleum exploitation and refining, and aerospace. Primarily consumed for ethylene glycol production (65-70% of global production).
• High Density Polyethylene (HDPE) Multi-peak, semi-high molecular weight polymer with excellent balance among hardness, stress cracking resistance and high impact strength. Used for special products, packaging, technical parts, and light containers of dangerous goods.
• Ethylene Glycol Colorless transparent viscous liquid, important chemical raw material primarily used to produce polyester resin products including polyester fiber, film and PET bottles. Also used as automobile antifreeze and in dye, tobacco and cosmetic industries.
• Polycarboxylic Monomer White flake solid made by polymerization of methyl allyl alcohol and ethylene oxide. Used as dispersant for polymer materials and for producing high-performance polycarboxylic acid water-reducing agent.
• Acrylic Acid and Acrylic Esters

Quantifiable outcome

• Zero Harm, Zero Accident, Zero Pollution HSE performance maintained
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Wanhua Chemical: Wanhua Chemical is a leading Chinese integrated petrochemical company with parallel C2/C3 operations, proprietary catalyst platforms, and growing POE/specialty polymer capacity — making it the closest direct peer to Satellite Chemical in scale, technology focus, and downstream mix.
• Formosa Plastics Corporation: Formosa Plastics operates large-scale naphtha and ethane crackers producing olefins and polyolefins, including HDPE and PP grades directly competing with Satellite Chemical's C2/C3 product lines in Asian export markets.
• Hengli Petrochemical: Hengli operates a large integrated refining-to-petrochemical complex in Dalian with PTA, polyester, and polyolefin capacity. Its scale, vertical integration, and Chinese listed-company status make it a directly comparable privately-controlled petrochemical peer to Satellite Chemical.
• INEOS: INEOS is a privately held global petrochemicals leader with major European and US olefins, polyolefins, and acrylate operations, including significant ethane-cracking assets. Its cost-focused, asset-heavy petrochemical model is closely analogous to Satellite Chemical's light-hydrocarbon integration strategy.
• LyondellBasell: LyondellBasell is a global leader in olefins and polyolefins (PE, PP) and one of the largest licensors and producers of POE via its metallocene catalyst platform — directly comparable to Satellite Chemical's ethane-cracking and metallocene-POE strategy.
• Rongsheng Petrochemical: Rongsheng is a major Zhejiang-based integrated petrochemical producer with refining, ethylene, polyolefin, and aromatics capacity. Its location and integrated olefin/derivative model closely mirror Satellite Chemical's positioning in eastern China.

Broad incumbents

• Sinopec (China Petroleum & Chemical Corp.): Sinopec is China's largest state-owned integrated oil and petrochemical group, operating ethylene crackers, polyolefin, and acrylate capacity across China. It is a broad incumbent whose C2/C3 chains directly overlap with Satellite Chemical's product set, though at much larger scale and broader scope.
• SABIC: SABIC is a Saudi integrated petrochemicals and polymers producer with global ethylene, PE, and PP capacity. As a feedstock-advantaged (ethane) incumbent, it represents the global benchmark Satellite Chemical's Lianyungang ethane cracker is targeting in cost economics.
• Dow Inc. Dow is a global integrated chemicals producer with leading positions in ethylene, polyethylene, and a major POE franchise (ENGAGE). Its polyolefin and POE businesses compete head-to-head with Satellite Chemical's downstream specialty products, particularly in photovoltaic encapsulants.
• BASF: BASF is the world's largest diversified chemical company with extensive olefin, polyolefin, and acrylate operations globally. It represents the broad-incumbent benchmark for integrated petrochemical capabilities that Satellite Chemical is scaling toward.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/satellite-chemical-usa-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Satellite Petrochemical