Jinneng

What Jinneng does

Jinneng Technology Co., Ltd. (金能科技股份有限公司) is a publicly listed Chinese diversified chemical manufacturer headquartered in Qihe County Economic Development Zone, Shandong Province, with a secondary production base under construction in Qingdao West Coast New Area. Founded in 2004 and listed on the Shanghai A-share exchange in May 2017 (stock code: 603113), the company operates three integrated business segments—coal chemicals, fine chemicals, and petrochemicals—organized around a proprietary "3+3 Circular Economy Industrial Chain" platform that converts coking by-products (coke oven gas, coal tar, tail gas) into methanol, carbon black, white carbon black, p-methyl phenol, sorbic acid/potassium sorbate, benzene series, industrial naphthalene, and modified pitch. The company's core technology platform is closed-loop resource recycling at industrial scale, supported by 182 authorized patents (26 invention patents), 27 national/industry standards it led or participated in formulating, and multiple first-in-China process technologies including coke oven flue gas desulfurization, 100% dry quenching, and coking wastewater evaporation reuse.

Jinneng generates revenue through direct B2B sales of industrial chemical commodities to manufacturers in rubber, pharmaceutical, food processing, steel, and automotive sectors, both domestically and via exports to Europe, America, Japan, and Korea. The company runs two specialized sales departments segmented by product category, with named strategic partnerships with BASF and Bayer for p-methyl phenol, where it claims to be the largest global production base. Production capacity anchors include 220,000 tons/year carbon black, 40,000 tons/year sorbic acid potassium, and a Qingdao petrochemical complex producing propylene (PDH), polypropylene (PP), and carbon black. The Qingdao facility adds a new materials and hydrogen energy comprehensive utilization project as a forward-looking expansion vector.

The company is positioned as a resource-efficient, ESG-credentialed industrial player with National Green Factory designation (2017), National Enterprise Technology Center status (2015), and ISO9001/14001/IATF16949/FSSC22000 certifications. It employs 1,001-5,000 people, has invested over 2 billion RMB in environmental protection infrastructure, and reached approximately 14 billion RMB in operating income in 2024 under Chairman Qin Qingping and General Manager Gu Wenbin. The Qingdao expansion represents its most significant strategic diversification into petrochemicals and hydrogen energy, while the company's circular economy model is the central driver of its cost and ESG positioning.

Name

Jinneng

Legal name

金能科技股份有限公司

Website

http://www.jin-neng.com/

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Jinneng Technology is a publicly listed Chinese chemical manufacturer producing coke, methanol, carbon black, p-methyl phenol, sorbic acid, and petrochemicals via a proprietary 3+3 circular economy platform, serving rubber, pharmaceutical, food, steel, and automotive manufacturers domestically and across Europe, America, Japan, and Korea.

Ownership category

akta.pro rank

Product category

Industrial Chemicals Manufacturing

NAICS

Chemical Manufacturing (325), Petroleum and Coal Products Manufacturing (324), Petrochemical Manufacturing (32511), Carbon and Graphite Product Manufacturing (335991)

SIC

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

akta.pro primary industry

Carbon Black & Bulk Pigments (IMAEAAAF)

akta.pro secondary industries

Commodity Monomers & Feedstocks (e.g., Methanol, Ethylene Oxide) (IMAEAAAD), Industrial Alcohols & Glycols (Commodity Grade) (IMAEAAAK), Synthetic Rubber & Elastomer Feedstocks (SBR, BR, NBR, EPDM) (IMAEADAJ), Carbon Black & Coker Products Feedstocks (Petroleum Coke, Carbon Black oils) (EUALAHAI), Aromatics (BTX: Benzene, Toluene, Xylenes) (EUALAHAC)

Keywords

• Coal chemical products
• Fine chemicals manufacturing
• Carbon black production
• Sorbic acid potassium
• Para-cresol manufacturing

Headquarters

HQ city

Jinan

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Coal Chemical Products Sales: Main revenue from coal chemical products including coke, methanol, and related coal tar processing products sold domestically and internationally
2. Fine Chemical Products Sales: Revenue from fine chemical products including carbon black, p-methyl phenol, sorbic acid, sorbic acid potassium sold to rubber, pharmaceutical, food, and steel industries
3. Petrochemical Products: Revenue from petrochemical segment including propylene, polypropylene produced at Qingdao facility

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Jinneng manufactures and sells coal chemical and fine chemical products including coke, methanol, carbon black, white carbon black (precipitated silica), sorbic acid, potassium sorbate, para-cresol (p-methyl phenol), propylene, polypropylene, benzene series, industrial naphthalene, and modified pitch. Products are produced through a proprietary "3+3 Circular Economy Industrial Chain" that integrates coking, chemical production, coal tar deep processing, carbon black production, gas turbine power generation, and methanol production with closed-loop recycling of waste gases and by-products. Products are sold domestically and exported to Europe, America, Japan, Korea, and Southeast Asia for downstream use in rubber, pharmaceutical, food, steel, and automotive industries.

Product overview

Jinneng (金能科技股份有限公司) is a resource-efficient, circular economy-based comprehensive chemical enterprise listed on the Shanghai A-share market (stock code: 603113) since May 2017. The company operates a diversified portfolio across three business segments — coal chemicals, fine chemicals, and petrochemicals — organized around its proprietary "3+3 Circular Economy Industrial Chain" platform. The product line includes foundational products such as coke, methanol, and coal tar, supplemented by differentiated fine chemical products including carbon black, white carbon black (precipitated silica), sorbic acid/potassium sorbate, para-cresol, propylene/polypropylene, benzene series products, industrial naphthalene, and modified pitch. The platform leverages closed-loop recycling to convert waste gases and by-products into inputs for adjacent production processes, achieving both environmental compliance and cost advantages.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Black (炭黑)
• Coke (焦炭)
• Methanol (甲醇)
• Precipitated Silica / White Carbon Black (白炭黑)
• Sorbic Acid / Potassium Sorbate (山梨酸/山梨酸钾)
• Para-Cresol / 4-Methylphenol (对甲基苯酚)
• Propylene / Polypropylene (丙烯/聚丙烯)

Quantifiable outcome

• Annual coal equivalent saved: 11.32万吨吨标煤 through carbon black tail gas desulfurization
• +4 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Two partnerships are on record, tiered core.

• BASF and Bayer Strategic PartnershipcoreStrategic or Co-development Partner · 1 January 2024Strategic cooperation with BASF and Bayer for p-methyl phenol products. Company has become the largest p-methyl phenol production base globally and forms strategic partnerships with these world-renowned companies.
• Qingdao West Coast New Area Project PartnerscoreStrategic or Co-development Partner · 1 January 2023Construction of New Materials and Hydrogen Energy Comprehensive Utilization Project in Qingdao West Coast New Area, adopting globally leading process technology, representing new era of company development.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Black Cat Carbon Black (黑猫股份): Jiangxi Black Cat Carbon Black is one of China's largest producers of carbon black, directly competing with Jinneng in tire and rubber-grade carbon black. Both companies operate in the same coal tar-based carbon black segment and serve Chinese and global rubber manufacturers.
• Cabot Corporation: Cabot Corporation is a global leader in carbon black production, with comparable specialty carbon black offerings and reinforcement-grade products serving tire and rubber manufacturers. Closely aligned with Jinneng's carbon black business in product mix and end markets.
• Orion S.A. Orion S.A. is a global specialty carbon black producer offering both rubber and specialty grades. Comparable to Jinneng in carbon black product portfolio for automotive, industrial rubber, and coatings applications.
• Birla Carbon (Aditya Birla Group): Birla Carbon is the world's largest carbon black manufacturer, operating in similar rubber-grade and specialty carbon black segments. Direct competitor in global carbon black supply for tire and mechanical rubber goods.
• Tokai Carbon: Tokai Carbon is a Japanese specialty carbon and graphite product manufacturer with comparable carbon black offerings for rubber and specialty applications. Comparable in product portfolio and serves overlapping global markets.
• Shanxi Coking (山西焦化): Shanxi Coking is a major Chinese coking and coal chemical producer, producing coke, methanol, and coal tar products. Direct peer in the foundational coal chemical segment of Jinneng's business and overlap in coke and aromatic downstream products.
• Phillips Carbon Black (RPG Enterprises): Phillips Carbon Black is an Indian carbon black manufacturer with production capacity comparable to Jinneng's 220,000 ton/year. Direct competitor in carbon black for tire and rubber applications in Asian markets.

Emerging players

• Wanglong Technology (万隆化工): Wanglong Technology is a Chinese sorbic acid and potassium sorbate producer, directly competing with Jinneng's sorbic acid potassium business in food preservation applications. Comparable product portfolio in food-grade preservatives.

Broad incumbents

• Celanese Corporation: Celanese is a global specialty chemical producer with significant sorbic acid and potassium sorbate production. Comparable to Jinneng's food preservative line and many specialty intermediates, with broader portfolio scale.
• Eastman Chemical Company: Eastman Chemical is a global specialty chemical producer with comparable offerings in cresols, sorbic acid, and other fine chemical intermediates. Overlaps with Jinneng's p-methyl phenol and sorbic acid businesses in pharmaceutical and food applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

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 Jinneng