Shaanxi Xinsheng Green Energy New Material
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Shaanxi Xinsheng Green Energy New Material - overview
Established
2021
Location
Yulin, Shaanxi, China
Primary Industry
Chemicals
About
Based in Shaanxi, China, and founded in 2021, Shaanxi Xinsheng Green Energy New Material is a wholly-owned subsidiary of Wujiang Chemical. The company has partnerships with Yanchang Petroleum Group and PetroChina. In January 2024, it closed a strategic funding. The company is dedicated to the green recycling of carbon dioxide and the development of the olefin industry chain.
Their main products include n-propyl acetate, n-propanol, and propionaldehyde. Its ethane-carbon dioxide coupled carbonyl integration unit can use carbon dioxide for carbonylation reaction. The company has a n-propyl acetate production line with an annual capacity of 100,000 tons, a n-propanol production line with an annual capacity of 90,000 tons and a propionaldehyde production line with an annual capacity of 100,000 tons. The company will use the strategic funding for R&D investment in fine chemical products, capacity expansion and market expansion.
Current Investors
Yulin Coal Conversion Fund, Shaanxi Huike Innovation Investment
Primary Industry
Chemicals
Sub Industries
Chemicals
Verticals
Manufacturing
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.