About Us
In 1995, a group of Singapore investors started a chemical business in Taixing City, PRC with an initial capital investment of USD29.5 million. As a result, SP Chemicals (Taixing) Co Ltd, a wholly owned China subsidiary of Singapore-based SP Chemicals Pte Ltd, were established.
Today, SP Chemicals (Taixing) has transformed itself from a chlor-alkali producer into a petrochemical producer with more than two decades of continuous expansion through the company’s own resources. The company has a cracker and its own power plant. The company now produces ethylene, propylene, styrene, vinyl chloride monomer, caustic soda, chlorine, hydrogen and other chemical raw materials. Its paid-up capital has increased to USD521.9 million and the total investment is RMB11.0 billion as of December 2021.
Company History
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SP Chemicals (Taixing) Co., Ltd was incorporated.
Commercial operation of 40,000 tpa caustic soda, 10,000 tpa aniline, 20,000 tpa chlorobenzene and 20,000 tpa nitrochlorobenzene.
Completed first capacity expansion of caustic soda and aniline, increasing annual capacities to 47,500 tpa and 13,000 tpa respectively.
Completed second capacity expansion of caustic soda, aniline, chlorobenzene, nitrochlorobenzene, increasing annual capacities to 97,500 tpa, 43,000 tpa, 30,000 tpa and 25,000 tpa respectively.
SP Chemicals Ltd went IPO in Singapore and was listed on the Mainboard of the SGX-ST.
Completed third capacity expansion of caustic soda, increasing annual capacity to 150,000 tpa
Completed construction of a 120 MW Cogeneration Plant.
Completed fourth capacity expansion of caustic soda and aniline, increasing annual capacities to 300,000 tpa and 90,000 tpa respectively.
Started commercial operation of a 200,000 tpa Vinyl Chloride Monomer (“VCM”) Plant.
Decommissioned 10,000 ktpa Aniline Plant due to lack of economy of scale.
Decommissioned 30,000 tpa Chlorobenzene Plant and 25,000 tpa Nitrochlorobenzene Plant due to changes in environmental regulations.
Completed fifth capacity expansion of caustic soda and aniline, increasing annual capacities to 450,000 tpa and 135,000 tpa respectively.
Asia Chemicals Trading Pte Ltd was incorporated.
SP Chemicals Ltd was privatized and delisted from SGX-ST.
Completed sixth capacity expansion of caustic soda, increasing annual capacity to 750,000 tpa.
Completed second phase capacity expansion of VCM, increasing annual capacity to 500,000 tpa.
Commercial operation of a 320,000 tpa Styrene Plant.
Completed the second 100MW Cogen plant.
Decommissioned the 30,000 tpa Aniline Plant due to lack of economy of scale.
Decommissioned the 100,000 tpa Aniline Plant due to changes in environmental regulations, and location is within 1 km of the Yangtze River.
Completed 3 Ethane and Propane Cryogenic storage tanks with total capacity of 360,000 cubic meters.
Completed the first gas-based cracker in China, producing 780,000 tpa ethylene and 150,000 tpa propylene.