Satellite Chemical 卫星化学
China · Jiaxing
alternative to Dow / LyondellBasell / ExxonMobil Chemical / BASF
Ethylene cracked from US ethane at Lianyungang, with polyethylene, ethylene oxide and glycol, plus propylene, polypropylene, acrylic acid and acrylate esters, superabsorbent polymers and polymer emulsions made in Jiaxing and Pinghu. 2025 revenue was CNY 46.1B, 17% of it from outside China.
Why it fits
- Chemicals & Plastics
- Processing
- Cost-effective
Regional alternatives
Product facts
- Segment
- Chemicals & Plastics
- Supply-chain stage
- Processing
- Main end uses
- Industrial, Consumer goods
2025 annual report: revenue CNY 46.07B, CNY 7.77B (16.9%) outside China; ethane supplied under a long-term deal with Energy Transfer; the company describes its acrylic acid and esters chain as China's largest (Mar 2026).
Company & market
- Parent company
- Zhejiang Satellite Holding
- Registered
- Jiaxing
- Listing
- A-share
- Ticker
- 002648.SZ
- Market cap / val. (USD)
- ~$13 B
- Foreign-investable
- Yes