Zhejiang Satellite Energy Co., Ltd., a wholly-owned upstream core subsidiary of Satellite Chemical Co., Ltd., was established in 2011 and is located in Dushan Port Town, Pinghu City, Zhejiang Province. It serves as the source and raw material supply hub for the group's C3 (propane) industrial chain.
Positioned as the cornerstone of the C3 industrial chain, the company is primarily responsible for the construction and operation of propane dehydrogenation (PDH) to propylene production and related facilities. It provides stable and low-cost propylene feedstock to downstream enterprises such as Pinghu Petrochemical, achieving efficient collaboration and cost optimization within the group's "raw materials—intermediates—end products" chain. The company has a registered capital of 3.195 billion yuan and possesses a comprehensive safety production, environmental governance, and quality management system, holding numerous patents and certifications.
The company's main products include propylene, polypropylene (PP), n-butane, isobutane, hydrogen, n-butanol, and isooctyl alcohol (2-EH). In addition to supplying the group internally, its products are also sold to domestic chemical, plastics, coating, and textile industries, and exported to Southeast Asia and Europe.
Looking ahead, Satellite Energy will continue to focus on stabilizing production capacity, expanding into high-end markets, and strengthening the circular economy: First, ensuring the efficient operation of its PDH (Propylene Dioxide) unit to guarantee the supply of propylene feedstock and consolidate the Group's cost advantage in the C3 industrial chain; second, promoting integrated new energy and new materials projects, developing high-value-added polyols, biodegradable material intermediates, and other products to extend towards the high end of the value chain; third, deepening energy conservation, emission reduction, and resource recycling to improve the comprehensive utilization rate of by-products such as hydrogen and by-product alkanes, contributing to the Group's "dual carbon" goals; and fourth, optimizing its global supply chain, expanding international raw material procurement and product sales channels to enhance its resilience to market fluctuations.
