Zhenhai Petrochemical Engineering reports strong order book, green tech focus

Zhenhai Petrochemical Engineering Co., Ltd. held its 2025 semi-annual performance briefing on August 26, 2025, via the Shanghai Stock Exchange Roadshow Center. The company reported a substantial backlog, with outstanding contract performance obligations totaling RMB 420 million as of June 30, 2025. Recent contract wins for ZPEC include EPC projects for an environmentally friendly anti-coking sulfurization agent production facility, a sulfur recovery unit upgrade, and a fuel gas recovery project. The company also secured design contracts for several projects, including the upgrading of a jet fuel hydrogenation unit and a new materials research institute.

ZPEC highlighted its commitment to innovation in environmental protection and oil product quality upgrades, developing technologies such as isononanoic acid synthesis, butanediol as a biodegradable plastic monomer, and high-value sulfide technology. These advancements are aimed at expanding market reach and improving profitability by addressing evolving customer needs and enhancing the company's resilience to market fluctuations. The company reiterated its focus on high-value-added sectors like fine chemicals and dedicated chemical products for sustainable growth.

For the second half of 2025, ZPEC plans to accelerate the conversion and delivery of its existing orders, especially those previously delayed by external factors. The company will also deepen strategic collaborations with key clients in green technology upgrades and product enhancements, aiming to achieve its full-year operational targets. ZPEC affirmed its strong financial position and prudent cash management strategy, with plans to allocate capital towards key technology research, market expansion, and potential industrial investment opportunities to support long-term growth.