SUNWAY(SZ:002469)2025-01-23 07:34Group 1: Company Overview - Shandong Sanwei Chemical Group Co., Ltd. is primarily an engineering company serving the petrochemical industry, focusing on environmental protection and actively expanding into the new energy market [2][4]. - The company provides a full lifecycle of engineering services, including consulting, design, general contracting, project commissioning, and maintenance [2][4]. Group 2: Clientele - Major clients include China Petroleum & Chemical Corporation, China National Petroleum Corporation, State Energy Group, and several other significant players in the petrochemical and energy sectors [4]. Group 3: Technical Advantages - The company is recognized as a "sulfur recovery expert," with its proprietary technology achieving domestic leadership and international advanced levels [5]. - As of June 30, 2024, the company has completed 237 sulfur recovery device designs and general contracts, with a total capacity of 12.55 million tons per year, making it the largest in China for such services [5]. Group 4: Chemical Business - The company is the largest producer of n-propanol in China and a leading player in the recovery of butanol and octanol residues [7]. - Products are widely used across various industries, including pharmaceuticals, pesticides, dyes, and food additives [7]. Group 5: Project Examples in Coal Chemical Industry - The company has undertaken several projects, including sulfur recovery for Shenhua Yulin's circular economy coal utilization project and a 5 million tons/year coal-to-olefins project for Ningxia Baofeng Energy Group [8]. Group 6: Incremental Projects in Chemical Business - The company is advancing the "Acetic Acid Butyl Cellulose Product Optimization and Upgrade Project," aiming for an additional capacity of 50,000 tons per year [9]. - Ongoing technical verification and design optimization for cellulose derivatives and related facilities are in progress [9].