融资数十亿，北京怀柔跑出超级独角兽：60后大爷用煤炭制油，全国第一

Core Insights - Zhongke Synthetic Oil has recently completed financing of several billion yuan, with investors including China National Building Material New Materials Fund [1] - The company focuses on converting coal into oil and chemical raw materials, which is crucial for national energy security and reducing pollution [2][3][4] - The technology developed by Zhongke Synthetic Oil allows for the production of high-value products from coal, addressing the need for domestic alternatives in coal-to-oil technology [5] Company Overview - Zhongke Synthetic Oil is a mixed-ownership enterprise headquartered in Beijing, with major shareholders including private and state-owned entities [1] - The company has been in operation since 2006 and has undergone seven rounds of financing, with a long research and development cycle exceeding 20 years [1] Industry Importance - The reliance on coal as a primary energy source in China necessitates advancements in coal-to-oil technology to ensure energy security [3] - The company’s technology contributes to the clean and efficient utilization of coal, reducing direct combustion pollution [4] Technological Advancements - Zhongke Synthetic Oil has developed a "super boiler" capable of converting 300 million tons of coal into clean diesel and aviation fuel annually [5] - The company is addressing significant challenges in catalyst development and has made progress in flexible catalytic cracking technology [9][10] Market Position - The coal-to-oil industry in China is highly concentrated, with the top five companies holding 78.3% of the market share [11] - Zhongke Synthetic Oil has a near 90% market share in the indirect liquefaction projects it participates in [12] Policy and Demand - National policies are increasingly focused on promoting high-end, green coal chemical industries, aligning with Zhongke Synthetic Oil's objectives [13] - The demand for high-end specialty oils and aviation fuels is growing, particularly in international markets, as evidenced by premium pricing for products with a "negative carbon label" [14]