Shangdong Yuhuang Chemical Co. Ltd. (SYCC), established in 1986, had humble beginnings. It started out as a small private company with $10,000 in assets. After numerous restructurings, mergers, and acquisitions, it has developed into a large, privately owned corporation with 13 subsidiaries and more than 5,600 employees. Shandong Yuhuang Chemical Co. Ltd. is ranked the 24th among Chinese chemical companies and 432nd on the list of Fortune China 500, with revenues of 4.5 billion USD in 2015.
SYCC has established a global sales network of more than 20 provinces in China, countries in Southeast Asia, the United States of America, Italy, the Netherlands, South Africa, and Brazil. Through its sales network and focused business strategy, SYCC has become a large and comprehensive chemical industrial group in the fields of research and development, production, marketing, logistics & transportation, and machinery manufacturing.
Wang Jinshu, Chairman of SYCC, has become a legendary figure for both his business success as well as his practice of social responsibility. In 2010, he used personal funds of $92 million to build houses for more than 660 families in his home village. Under his guidance, his company has contributed about $13 million to charity and public causes over the years.
SYCC’s main products include: gasoline, diesel, MTBE, DME, isobutylene, styrene, polystyrene, polypropylene, propylene, propane, isobutane and butadiene, polybutadiene rubber, rare earth butadiene rubber, fine C5, isoprene alkenyl, piperylene, dicyclopentadiene, bicyclo resins, piperylene resins, petroleum resins, benzene, ethylbenzene, toluene, xylene, polyisobutylene, ethylene oxide, naphtha, petroleum coke, sulfur, civil LPG, etc.
SYCC has invested financially and cooperates with the Changchun Institute of Applied Chemistry of China; the Academy of Sciences; and, the Dalian Institute of Chemical and Physics of China. SYCC and the Academy of Sciences have jointly established research and development centers to advance polyolefin and new chemical technologies, including the construction of a unique kiloton rare earth butadiene rubber and diesel fuel additives pilot plant in China. SYCC also cooperates with more than ten universities and large institutions, such as Tsinghua University, Harbin Institute of Technology, and Beijing University of Chemical Technology. These partnerships have gathered more than 300 highly skilled researchers together, which brings vitality to the R&D centers and help SYCC develop in their “Production, University and Research” company initiative.
SYCC was awarded the honorary title of “Outstanding Contribution Enterprise” for their “Production, University and Research” initiative and program in Shandong Province. In addition, they have been recognized as “Intellectual Property Pilot Enterprise” and “High-Tech Enterprise” in Shandong Province. Through this program and other company initiatives, SYCC has also made significant technological breakthroughs in C5 deep-processing, polyolefin research, macromolecule polymer, alkane dehydrogenation, diesel fuel additives, lithium, and other important chemical enterprises.
In September 2015, Chairman Wang joined Yuhuang Chemical Inc. CEO, Dr. Charlie Yao and other dignitaries and guests at the Official Groundbreaking Ceremony for the YCI-M1 Louisiana Methanol Project. For a featured interview from Chairman Wang with CCTV, please see below.
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Address: Wusheng Economic Development Zone, Dongming County, Shandong Province