Jiangsu Eastern Shenghong Co.,Ltd.

Chinese integrated refiner making petrochemicals, polyester fibers and specialty materials

What Jiangsu Eastern Shenghong does

Eastern Shenghong runs large refining and petrochemical plants in China that turn crude oil into fuels and basic chemical building blocks like ethylene, propylene and paraxylene. It then converts those chemicals further into polyester yarns used in textiles, plus higher-value specialty materials such as EVA copolymers (used in solar panel films), ultrahigh molecular weight polyethylene and acrylonitrile. The group also generates and supplies its own power and heat, and invests in petrochemical projects and related technology.

How Jiangsu Eastern Shenghong makes money

It makes money by selling refined fuels, bulk and specialty chemicals, and polyester filament yarns at a spread over crude oil and feedstock costs, with vertical integration from refining to fiber capturing margin at each step. Additional revenue comes from supplying power and heat, energy trading and management, property leasing, and software/IT services.

Products & services

• Refined oil products and olefins (ethylene, propylene, butadiene)
• Polyester feedstocks: paraxylene, PTA, ethylene glycol
• Polyester filament yarns: POY, FDY, DTY
• EVA (ethylene-vinyl acetate) copolymers and POE elastomers
• Ultrahigh molecular weight polyethylene, acrylonitrile, MMA
• Power and heat supply to industrial users