Satellite Chemical
Satellite Chemical Co Ltd, formerly known as Zhejiang Satellite Petrochemical Co Ltd, formerly known as Zhejiang Satellite Acrylic Manufacturing Co., is a Chinese chemical company that focuses on research, development, production, and sales of chemicals. The company's primary businesses include the production and sale of petrochemical products.
Products
Satellite Chemical engages in C2 and C3 industrial chain. Its products includes acrylic acid esters, methacrylic acids, pigment intermediates, acrylic emulsion polymers, super absorbent polymers, and other products.History
Zhejiang Satellite Petrochemical was founded in 2005, formerly known as Zhejiang Satellite Acrylic Manufacturing Co.On December 28, 2011, Satellite Chemical became a publicly traded company on the Shenzhen Stock Exchange.
In 2014, Satellite Chemical started to install a new pressure swing adsorption unit from Honeywell UOP to supply high-purity hydrogen to its integrated refining and petrochemicals complex in Pinghu City, Zhejiang Province, China. The PSA unit, based on Honeywell UOP's Polybed PSA technology, purifies hydrogen generated by an associated UOP C3 Oleflex propane dehydrogenation unit also in use at the complex.
In 2020, Satellite Chemical has obtained regulatory approval to construct a $4.2 billion petrochemical complex in Jiangsu province to process ethane from the United States.
Satellite Chemical was ranked #1999 in the Forbes Global 2000 in 2022. Satellite Chemical was ranked 242nd in the Fortune China Top 500 in 2023.