SP Chemicals
SP Chemicals is a privately held, Singapore-domiciled petrochemical and chlor-alkali manufacturer operating an integrated complex in Taixing, Jiangsu, China, producing caustic soda, chlorine, VCM, styrene, ethylene, propylene, and hydrogen for industrial customers across Jiangsu, Shandong, and Zhejiang provinces.
- Company typePrivate
- Founded1995
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What SP Chemicals does
SP Chemicals is a privately held petrochemical and chlor-alkali manufacturer founded in 1995 by a group of Singapore investors, with its corporate parent (SP Chemicals Pte Ltd) domiciled in Singapore and its principal operating subsidiary (SP Chemicals (Taixing) Co Ltd) located in the China Fine Chemical Industry Taixing Park in Jiangsu Province. The company has transformed over more than two decades from a single-product chlor-alkali producer into an integrated petrochemical complex, with paid-up capital of USD521.9 million and cumulative total investment of RMB11.0 billion as of December 2021.
The company's product portfolio spans core chlor-alkali outputs (caustic soda, chlorine, hydrogen) and downstream petrochemicals (ethylene, propylene, styrene monomer, vinyl chloride monomer). Manufacturing is supported by an integrated asset base that includes a cracker unit, a chlor-alkali plant, a styrene plant, a VCM plant, and a captive cogeneration power plant, alongside two liquid chemicals jetties and a general purpose jetty on the Yangtze River for bulk logistics. SP Chemicals is the only chlor-alkali producer within the Taixing Industrial Chemical Park.
The company sells directly to industrial manufacturers across Jiangsu, Shandong, and Zhejiang provinces, serving end-markets including PVC, polystyrene, pulp and paper, textiles, water treatment, and detergents. Revenue is generated through one-time commodity sales with no publicly disclosed pricing; customers engage via a website enquiry form segmented by product line. The firmographic headcount of 11-50 employees appears inconsistent with the operational scale described (RMB11.0 billion cumulative capex across a cracker, chlor-alkali, styrene, VCM, and cogeneration complex), suggesting the headcount figure likely reflects corporate office staffing rather than total workforce. No public shareholders, institutional investors, or PE/VC backing are disclosed.
SP Chemicals firmographics
Firmographics- Name
- SP Chemicals
- Legal name
- SP Chemicals Pte Ltd
- Website
- https://spchemicals.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SP Chemicals is a privately held, Singapore-domiciled petrochemical and chlor-alkali manufacturer operating an integrated complex in Taixing, Jiangsu, China, producing caustic soda, chlorine, VCM, styrene, ethylene, propylene, and hydrogen for industrial customers across Jiangsu, Shandong, and Zhejiang provinces.
- Ownership category
- akta.pro rank
SP Chemicals industry classification
Industry- Product category
- Petrochemical and Chlor-Alkali Manufacturing
- NAICS
- Petrochemical Manufacturing (32511), Other Basic Inorganic Chemical Manufacturing (325180)
- SIC
- Industrial Organic Chemicals (2860), Industrial Inorganic Chemicals (2810)
- akta.pro primary industry
- PVC & Chlor-Vinyl Chain (Chlor-Alkali, EDC/VCM, PVC) (IMAEADAF)
- akta.pro secondary industry
- Chlor-Alkali & Derivatives (IMAEAAAC)
Keywords
Where SP Chemicals is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
SP Chemicals business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D
Revenue model
- Chemical Product Sales: SP Chemicals generates revenue through the sale of petrochemical and chlor-alkali products including ethylene, propylene, styrene, vinyl chloride monomer, caustic soda, chlorine, hydrogen and other chemical raw materials to industrial customers.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
SP Chemicals product offering
Product offeringCore offering
SP Chemicals manufactures and sells petrochemical and chlor-alkali chemical raw materials — including caustic soda, chlorine, vinyl chloride monomer (VCM), styrene monomer, ethylene, propylene, and hydrogen — to industrial customers in sectors such as PVC, packaging, construction, pulp and paper, textiles, water treatment, and detergents. Production is conducted at an integrated complex in Taixing, Jiangsu Province, China, comprising a cracker, chlor-alkali plant, VCM unit, styrene plant, cogeneration power plant, and Yangtze River jetties for distribution.
Product overview
SP Chemicals is a chemical manufacturing company that has transformed from a chlor-alkali producer into a fully integrated petrochemical producer. The company operates multiple interconnected production facilities including a cracker unit (producing ethylene and propylene), a chloralkaline plant (producing caustic soda and chlorine), VCM production, and styrene manufacturing. The product portfolio includes core chemical products such as Caustic Soda, Chlorine, Vinyl Chloride Monomer (VCM), Styrene Monomer, Ethylene, Propylene, and Hydrogen. Supporting infrastructure includes a cogeneration plant for power generation and storage/jetties facilities along the Yangtze River for logistics. The company is strategically located in the Jiangsu Province Taixing Economic Development Area.
Differentiator
Problem solved
Functional benefit
Products and services
- Caustic Soda
Companies that use SP Chemicals
Customer profileSegments1 record
Ideal customer profiles1 record
SP Chemicals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
SP Chemicals partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights4 records
SP Chemicals competitors and assessment
Company assessmentDirect peers
- Olin Corporation: Olin (NYSE: OLN) is the world's largest producer of chlorine and a top integrated chlor-alkali/PVC/epoxy player. Direct competitor on chlor-alkali chemistry and a useful benchmark on chlor-alkali economics globally.
- Xinjiang Zhongtai Chemical: Xinjiang Zhongtai (002092.SZ) is a leading Chinese integrated chlor-alkali/PVC/BDO producer headquartered in Xinjiang. Comparable to SP Chemicals as a vertically integrated chlor-alkali + polymer producer, though operating at larger scale and in a different region with feedstock cost advantages.
- Tangshan Sanyou Chemical Industries: Tangshan Sanyou (002312.SZ) is one of China's largest integrated chlor-alkali and PVC producers, combining caustic soda, chlorine, VCM and PVC production under one roof — directly comparable to SP Chemicals' integrated chlor-alkali + VCM/petrochemical model and similar in scale and product mix.
- Xinjiang Tianye Co., Ltd. Xinjiang Tianye is a Chinese integrated chlor-alkali and PVC producer using the same calcium carbide-based acetylene route, comparable to SP Chemicals' chlor-alkali/VCM operations in product mix and end-markets.
Broad incumbents
- Westlake Corporation: Westlake (NYSE: WLK) is a major US-based producer of chlor-alkali, PVC, polyethylene and caustic soda with global operations. A broad incumbent offering overlapping chlor-alkali/PVC capabilities at much larger scale but in different geographies.
- Shin-Etsu Chemical Co., Ltd. Shin-Etsu (TYO: 4063) is the world's largest PVC producer and a major chlor-alkali operator through its Shintech subsidiary. A broad incumbent with overlapping chlor-alkali/PVC value-chain exposure at massive global scale.
- Formosa Plastics Corporation: Formosa Plastics (TWSE: 1301) is a major integrated petrochemicals and PVC producer in Taiwan and the US with cracker, chlor-alkali and VCM/PVC assets. Comparable as a vertically integrated chlor-alkali/petrochemical major, with operations in geographies adjacent to SP Chemicals' China footprint.
- Yantai Wanhua Chemical Group: Yantai Wanhua (600309.SH) is one of China's largest chemical producers with broad exposure to isocyanates, petrochemicals and chlor-alkali. A broad incumbent operating well beyond SP Chemicals' niche but overlapping on chlor-alkali and ethylene value chains, serving similar industrial customers in China.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
SP Chemicals social profiles
Digital presenceSP Chemicals financial estimates
Financial estimateRevenue estimate
Valuation estimate
SP Chemicals leadership team
Management profileNumber of profiles
Profiles1 record
SP Chemicals subsidiaries and ownership
Company hierarchySubsidiaries1 record
SP Chemicals funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SP Chemicals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SP Chemicals
What does SP Chemicals do?
SP Chemicals manufactures and sells petrochemical and chlor-alkali chemical raw materials — including caustic soda, chlorine, vinyl chloride monomer (VCM), styrene monomer, ethylene, propylene, and hydrogen — to industrial customers in sectors such as PVC, packaging, construction, pulp and paper, textiles, water treatment, and detergents. Production is conducted at an integrated complex in Taixing, Jiangsu Province, China, comprising a cracker, chlor-alkali plant, VCM unit, styrene plant, cogeneration power plant, and Yangtze River jetties for distribution.
Is SP Chemicals a public or private company?
SP Chemicals is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was SP Chemicals founded?
SP Chemicals was founded in 1995. It employs 11 to 50 people.
Where is SP Chemicals based?
SP Chemicals is headquartered in Singapore, Singapore, in the Asia region.
How does SP Chemicals make money?
One revenue line is on record: chemical Product Sales.
Who are SP Chemicals's main competitors?
Direct peers on record are Olin Corporation, Xinjiang Zhongtai Chemical, Tangshan Sanyou Chemical Industries and Xinjiang Tianye Co., Ltd.. Broad incumbents are Westlake Corporation, Shin-Etsu Chemical Co., Ltd., Formosa Plastics Corporation and Yantai Wanhua Chemical Group.
Does SP Chemicals have an API?
No public API is recorded for SP Chemicals.
What industry is SP Chemicals in?
SP Chemicals's product category is Petrochemical and Chlor-Alkali Manufacturing. Its primary akta.pro industry code is IMAEADAF, PVC & Chlor-Vinyl Chain (Chlor-Alkali, EDC/VCM, PVC), with a secondary code of IMAEAAAC, Chlor-Alkali & Derivatives. Its NAICS code is 32511 and its SIC code is 2860.