For over 30 years, STL has continued success by utilizing its winning recipe of one piece of cultivation, one piece of harvest, one piece of diligence, and one piece of abundanceSTL has crafted and cultivated, by use of light hydrocarbons, a long standing legacy building and leading low-carbon chemical new material technology company in China. STL actively integrated into the Yangtze River Delta and the national "the Belt and Road" construction, the footsteps of high-quality development are bringing us surprises time and time again...

Filling the domestic technological gap | the joint venture between STL and SK Geo Centric to jointly build the Sino Korean Kerui EAA project has officially begun

 On the morning of June 17th, in the Fine Chemical Zone of the Petrochemical Industry Base in Xuwei New Area, Lianyungang, the Sino Korean Kerui EAA project— joint venture between STL and SK Geo Centric, officially started construction. This marks another solid step towards accelerating the integration of upstream and downstream industrial chains by STL, building a more complete green and high value-added new material system, and effectively enhancing the high-end level of the industrial chain.

Ma Shiguang, Secretary of the Municipal Party Committee and Director of the Standing Committee of the Municipal People's Congress, Jin Yingjun, Consul General of South Korea in Shanghai, Ren Dong, Standing Committee Member and Executive Vice Mayor of the Municipal Party Committee, Luo Gengxiu, President and CEO of SK Geo Centric, and Yang Weidong, Chairman and President of STL, attended the commencement ceremony and jointly launched the construction equipment. The event was hosted by Shi Haibo, Secretary of the Party Working Committee of Xuwei New Area.

The Sino Korean Kerui EAA project will be implemented in two phases: The first phase of construction involves an annual production of 40000 tons of ethylene acrylic acid copolymer (EAA) new material project in the packaging field, with a total investment of approximately 1.64 billion yuan and an area of approximately 108 acres. It is planned to be fully operational by 2025. Phase II is planned for global emerging chemical industry chain projects such as Green Chemistry Cycle. The first phase of the packaging new material project, which starts this time, will be the first device in Asia and adopts internationally leading environmental and safety control measures. After completion and production, it will fill the domestic gap, in order to optimize the structure of green and high value-added chemicals, promote steady progress in foreign trade and foreign investment, and stabilize the quantity and quality improvement.  This phase is of great significance to elevating the high-level construction of a world-class petrochemical industry base in Xuwei New Area, create a trillion scale industrial cluster, and promote regional economic development.

SK GC President and CEO Luo Gengxiu stated in his speech at the ceremony that, the EAA project aims to promote green and low-carbon development of the Chinese economy, and in the context of global economic uncertainty, SKGC and STL together enhance mutual trust through communication and actively promote the project. In the future, the two companies will become partners leading the green and low-carbon development of the Chinese economy. This EAA project will also become a representative case of industrial development in Jiangsu Province. We believe that through sustained growth in the future, it will lay the foundation for economic exchanges and development between China and South Korea.

Planned investment for the project is approximately 25.7 billion yuan | STL Successfully Signed Contract of α- Olefin Comprehensive Utilization High End New Materials Industrial Park Project

On the morning of June 17th, STL also signed a contract of α- olefin comprehensive utilization high end new materials industrial park project with Xuwei New Area. Ma Shiguang, Secretary of the Municipal Party Committee and Director of the Municipal People's Congress Standing Committee, Ren Dong, Member of the Municipal Party Committee Standing Committee and Executive Vice Mayor, and Yang Weidong, Chairman and President of STL, attended and witnessed the signing ceremony. The event was hosted by Shi Haibo, Secretary of the Party Working Committee of Xuwei New Area.

This α- olefin comprehensive utilization high end new materials industrial park project is planned to have a total investment of 25.7 billion yuan, after the project is fully completed, it is expected to achieve an annual output value of 48 billion yuan, it plays an extremely important role in enriching and optimizing the industrial structure of the park and extending the core industrial chain of the base. STL actively responds to the national dual carbon policy, building a low-carbon chemical new material technology company based on the integration of light hydrocarbons. Utilizing self-developed high carbon α- olefin technology, STL is extending downstream production of high-end chemical new materials. At the same time, the by-product hydrogen gas will be utilized as a resource to achieve the goal of reducing carbon emissions in the project, further consolidating the development foundation of the company's functional chemicals, high-end new materials, and new energy materials, to provide solid support for Lianyungang accelerating the construction of a world-class petrochemical industry base.

Yang Weidong, Chairman and President of STL, stated at the signing ceremony that STL actively responded to the decision and deployment of the provincial party committee and government on "vigorously building a national petrochemical industry base and striving to build a fulcrum city along the Belt and Road", adhere to technology to create the future, increase efforts to promote the deep integration of industrial and innovation chains, and accelerate the transformation of innovation 'variables' into' increments' of industrial development. Over the past three years, STL has independently developed α- olefin and made significant breakthroughs in the pilot production technology, relying on the fertile land for innovation and entrepreneurship in Xuwei New Area, leveraging the platform advantage of "light hydrocarbon integration", continuing to increase investment in the industrial chain, achieving the landing of key independent innovation technologies, continuously expanding the "ecosystem" of the new materials field, all while sharing more chemical beauty with the world.

α- olefin is an important organic chemical raw material and intermediate that commonly used in fields such as polyethylene, lubricants, detergents, oilfield chemicals, etc. At present, there is a shortage of high-end products in this field in China, and the market demand is highly dependent on imports. STL has increased its technological efforts and made breakthroughs in "bottleneck" technology and products such as α- olefin, successfully completing small-scale and pilot tests, and possessing the conditions for its industrial production.

In addition, on June 17th, celebrating the 14th anniversary of the development and construction of Xuwei New Area in Lianyungang, Chairman Yang Weidong and some of the company's executives were invited to participate in the Yunhu ecological stocking activity and flag raising ceremony and sent beautiful wishes on behalf of STL.