Tian Jin Bohai Chemical Co.,Ltd. engages in the propane-to-propylene business.
Business Segments
The company’s business is primarily divided into two major segments: the petrochemical segment and the electronic information segment.
Petrochemical Segment: The petrochemical segment is the company’s core business, mainly operated through its wholly-owned subsidiary, Bohai Petrochemical. The main product is propylene, produced via the propane dehydrogenation (PDH) process. The company’s propylene...
Tian Jin Bohai Chemical Co.,Ltd. engages in the propane-to-propylene business.
Business Segments
The company’s business is primarily divided into two major segments: the petrochemical segment and the electronic information segment.
Petrochemical Segment: The petrochemical segment is the company’s core business, mainly operated through its wholly-owned subsidiary, Bohai Petrochemical. The main product is propylene, produced via the propane dehydrogenation (PDH) process. The company’s propylene products are mainly supplied to the Shandong region and the broader North China market, serving as a key supplier in the Beijing-Tianjin-Hebei area. The downstream customers of the company’s propylene include manufacturers of polypropylene, oxo-alcohols, propylene oxide, phenol-acetone, and acrylic acid, which are used in a wide range of industries such as construction, automotive, packaging, and textiles.
The company’s petrochemical business also includes the sales of propane, hydrogen, and other petrochemical products, as well as petrochemical product trading. The company’s strategic location near Tianjin Port provides significant logistical advantages for the import of raw materials and the export of finished products.
Electronic Information Segment: The electronic information segment is operated through the company’s wholly-owned subsidiary, Magnetic Card Technology. This segment focuses on the design, R&D, production, sales, and service of smart cards and related products. The main products include financial IC cards (such as social security cards and standard bank IC cards), non-financial IC cards (such as transportation cards), and related card personalization data services. The company also provides city card management systems and supporting equipment services.
The company’s smart card products are widely used in the financial, social security, and public transportation sectors. In the financial sector, the company’s customers include banks and other financial institutions. In the social security sector, the company provides card production and/or personalization services for social security institutions in several provinces, autonomous regions, and municipalities, including Hebei, Shandong, and Tianjin.
The electronic information segment also includes the development and implementation of intelligent application systems and supporting equipment, catering to the growing demand for smart city solutions and digital transformation in various industries.
Business Strategy
The company’s business strategy focuses on transformation and high-quality development, aiming to become a leading enterprise in the new materials and new energy sectors. The company seeks to leverage its status as a listed company within the group to serve as a capital platform, facilitating the transformation from a traditional petrochemical enterprise to a new materials and new energy enterprise.
The company intends to build a modern petrochemical industry platform by extending and expanding the downstream industry chain of propylene, adjusting and optimizing the product structure, and enhancing the company’s competitiveness.
In the electronic information segment, the company recognizes the growth potential of data card products, printing products, smart card application systems, and supporting equipment, which align with national industrial development directions. The company is committed to continuous technological innovation, expanding into new materials, new energy, and electronic payment fields, and enhancing its R&D investment to achieve breakthroughs in these areas.
Products and Services
The company’s product and service portfolio are diverse, encompassing both petrochemical and electronic information products.
In the petrochemical segment, the company’s main product is propylene, produced through the propane dehydrogenation (PDH) process using the advanced Lummus Catofin technology. The company’s PDH unit is the first and largest single-unit device of its kind in China, with a capacity of 600,000 tons. The company also produces and sells propane, hydrogen, and other petrochemical products. The company’s products are supplied to a wide range of downstream industries, including manufacturers of polypropylene, oxo-alcohols, propylene oxide, phenol-acetone, and acrylic acid. These products are used in construction, automotive, packaging, textile, and apparel industries.
The company’s electronic information segment offers a comprehensive range of smart card products and services. The main products include financial IC cards (such as social security cards and standard bank IC cards), non-financial IC cards (such as transportation cards), and related card personalization data services. The company also provides city card management systems and supporting equipment, catering to the needs of social security, financial, and public transportation sectors. The company’s smart card products are widely used in banks, social security institutions, and public transportation systems across nearly 100 cities and regions.
The company’s services include the design, R&D, production, sales, and after-sales support of smart card products and systems.
Geographical Markets Served
The company’s petrochemical products are primarily sold in Shandong province and the broader North China region, with a strong presence in the Beijing-Tianjin-Hebei area.
Customers
The company’s customers in the petrochemical segment include manufacturers of polypropylene, oxo-alcohols, propylene oxide, phenol-acetone, and acrylic acid, which are used in industries, such as construction, automotive, packaging, and textiles. The company’s propylene products are primarily sold to Shandong province and the broader North China region, with a strong presence in the Beijing-Tianjin-Hebei area.
In the electronic information segment, the company’s customers include banks and other financial institutions in the financial sector, social security institutions in several provinces, autonomous regions, and municipalities (including Hebei, Shandong, and Tianjin) in the social security sector, and public transportation systems in nearly 100 cities and regions in the public transportation sector. The company provides card production and/or personalization services, city card management systems, and supporting equipment to these customers.
Patents
In 2024, the company applied for 22 patents, including 2 invention patents, and was granted 3 patents, including 1 invention patent, and 2 software copyrights. As of the reporting date, the company holds 139 authorized patents, including 17 invention patents and 20 software copyrights.
Sales and Marketing
The company’s sales and marketing activities are conducted through a combination of direct sales to downstream industrial customers in the petrochemical segment and direct engagement with institutional customers in the electronic information segment.
History
The company was founded in 1979. It was formerly known as Tianjin Global Magnetic Card Co., Ltd. and changed its name to Tian Jin Bohai Chemical Co.,Ltd. in February 2021.