1. project core filing information
on September 4, the official approval platform of Guangdong Province was announced and located in maoming City, Guangdong Province, China the first phase of the PEEK new material project of Maoming Shihua Dongcheng Chemical completed the filing (filing number: 2609-440902-04-01-637569). With a total investment of 49.797 million yuan, the project is planned to build a 500-ton/year polyether ether ketone (PEEK) production plant, which can be expanded to 1000 tons/year in the long term, with a construction period from November 1, 2026 to November 1, 2028.
The project is located on the north side of Maoming Petrochemical Refining Area in Maonan Petrochemical Industrial Park, covering an area of 6840.3 ㎡, with a construction area of 3650 ㎡. Fluoroketone, hydroquinone and sodium carbonate are used as core raw materials to produce finished products through polycondensation, refining, drying and tabletting processes. The products strictly follow the national standard GB/T 41873-2022, and the process route is mature and compliant.
The Main Body of 2. Production and the Logic of Strategic Transformation
the project is invested and operated by Maoming Shihua Dongcheng Chemical, a wholly-owned subsidiary of Maohua Shihua, and the enterprise is backed by Maoming City SASAC, Maoming Port Group and Sinopec Maoming Petrochemical, with the attributes of a state-owned refining platform. Project Support south China large-scale refining base raw materials and port logistics advantages, can form a stable integrated cost system. The enterprise's original main polypropylene, liquefied gas, special white oil and other bulk petrochemicals, this layout of high-barrier PEEK materials, is from the basic refining to high-end special new materials transformation of the core layout.
At the operational level, the company showed a clear recovery: 2025 revenue of 3.108 billion yuan (year-on-year -17.23), the return of net profit loss of 0.142 billion yuan, the first half of 2026 revenue of 1.777 billion yuan (year-on-year plus 20.05), the loss narrowed to 32.81 million yuan, year-on-year loss of 60%. Enterprises take advantage of the industry profit repair window to cut into the high value-added track, can effectively hedge the risk of fluctuations in the bulk chemical cycle, optimize the overall product structure.
Interpretation of 3. Global Industry Pattern and Track Value
PEEK as a high-performance special engineering plastic, with high temperature resistance, high strength, strong corrosion resistance, widely used in aerospace, medical equipment, high-end equipment and other fields, global technical barriers and product premiums are extremely high, long-term led by overseas head enterprises, the global supply pattern is highly concentrated.
At present, the global PEEK track ushered in the production capacity structure iteration, a number of China's central enterprises, local refining platform centralized layout. In addition to this Maoming project, tongzhou Bay, Jiangsu, China blue Ocean New Materials (under PetroChina) is simultaneously advancing the 300-ton/year continuous method PEEK pilot plant, and plans to launch EPC tender in the fourth quarter of 2026. Compared with the traditional private materials enterprises, refining and chemical manufacturers have the natural advantages of raw material self-sufficiency, large-scale production, logistics support, can break the industry's original cost system, reshape the global high-end PEEK supply structure.
4. Market Variables and Industry Risk Alert
this project filing marks the official cut into the high-end PEEK track of China's South China refining sector, accelerating the global high-end special plastic production capacity diversification process. However, there is a clear risk of landing cycle in the industry: project filing does not mean production, subsequent completion of engineering construction, device commissioning, long-term product certification and downstream customer verification, commercial release there is uncertainty. After the market needs to continue to track the project construction progress, test run stability and high-end market certification progress, to study the long-term competitiveness of Chinese refining enterprises in the global high-end new materials track.
+086 1911-7288-062 [ CN ]
888CHEM
Japanese 
Korean 
Hindi 
Russian 
Arabic 
Malay 
