SP Chemicals advances toward materials leadership in Taixing

SP Chemicals Taixing. [Photo/Taizhou Daily]

For three decades, Singapore-owned SP Chemicals has grown alongside the Taixing Economic Development Zone, evolving from a producer of basic chemical materials into an integrated enterprise in chemicals and advanced materials.

As one of the earliest companies to settle in the development zone, SP Chemicals has continued to reinvest since 1995, and over time it has built a full industrial chain spanning chlor-alkali, olefins and new materials. In 2025, the company recorded 12.1 billion yuan ($1.8 billion) in sales revenue and provided close to 2,000 jobs.

But its ambitions now extend beyond expansion in scale. SP Chemicals is moving up the value chain. The company is currently building an 800,000-ton-per-year propylene project along with supporting high-end chemical projects. Once fully operational, the projects are expected to accelerate the company's transformation into an innovation-driven leader in advanced materials.

The company's 2,400-hectare industrial site also shows a distinctive model of industrial integration. About 78 percent of its products are delivered directly through pipelines to upstream and downstream companies in the development zone, avoiding long-distance transportation and achieving major savings in logistics costs.

The industrial network has attracted dozens of companies, including global chemical giants such as AkzoNobel and SNF.

Green and smart technologies are also becoming integral to SP Chemicals' operations. The company has invested in its own heat and power plant and centralized wastewater treatment facilities, while intelligent inspection robots, AI-based fault warnings and cloud-based control systems are now deployed across the plant.