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On June 7, Bohai Chemical announced that its wholly-owned subsidiary, Bohai Petrochemical, plans to invest in the construction of new material projects for acrylates and superabsorbent resins, with an estimated investment amount of 2.25 billion yuan. This project aims to make downstream expansions by utilizing existing resources in the Bohai Chemical Industry Park, such as the hazardous chemicals propylene, methanol, butanol, and isooctanol. Its implementation will help complete and strengthen the industrial chain based on current products. Additionally, it will transform hazardous chemicals into non-hazardous ones within the park, thereby reducing risks associated with storage and transportation. Tianjin Bohai Chemical Co., Ltd. is a A-share listed company controlled by Tianjin Bohai Chemical Group, with a registered capital of 1.185 billion yuan. It has departments such as the Safety, Environmental Protection and Health Department, the Audit and Legal Affairs Department, the Finance Department, the Assets Department, the Strategy and Enterprise Management Department, the Human Resources Department, the General Manager’s Office, the Business Management Department, the Comprehensive Management Department, the Party Committee Department (including the Discipline Inspection Commission, trade union, and youth league), and the Finance and Securities Department. The company’s predecessor was Tianjin Global Magnetic Card Co., Ltd. The company owns China’s first production facility for producing propylene via propane dehydrogenation, which was introduced from abroad; it is the first listed company in Tianjin as well as the first listed company in China’s card-making industry. The company operates in two main business areas: petrochemicals and magnetic cards. Its petrochemical operations are carried out through Tianjin Bohai Petrochemical Co., Ltd., which has a registered capital of 2.48 billion yuan. Located in the Bohai Chemical Industrial Park within the Tianjin Lingang Economic Zone, the company is situated in the heart of the Bohai Economic Rim. It operates China’s first propane dehydrogenation to propylene plant with an annual capacity of 600,000 tons; this plant utilizes world-class patented technology from Rumus Corporation, offering advantages such as high yields, low energy consumption, low carbon emissions, and stable operation. The company places great emphasis on safety and environmental management in its production activities, adhering to the safety philosophy that \"safety is essential at every person, every moment, everywhere.\" Its goals for safe production are to achieve a \"green and friendly environment, zero defects, zero violations, and zero accidents.\" It is a **high-tech enterprise, a company rated as Level 1 in terms of safety production standards for hazardous chemicals handling as designated by the Ministry of Emergency Management. It is also recognized as a green factory by the Ministry of Industry and Information Technology, a pilot unit for \"Industrial Internet + Safe Production of Hazardous Chemicals\" under the Ministry of Emergency Management, and a pilot enterprise for the \"dual prevention mechanism for hazardous chemicals\". It has won numerous honors at the municipal and district levels as a model enterprise in terms of safety, environmental protection, and carbon reduction, as well as an outstanding enterprise; it is a benchmark company for PDH projects in China. The data card services include bank cards, utility cards, bus cards, and social cards ； The printing products business includes invoices, financial documents, certificates, aviation documents, books and periodicals, and box packaging ； Smart card application systems and related equipment include on-vehicle devices, public transportation equipment, second-generation ID readers, as well as related products and systems. Tianjin Bohai Petrochemical Co., Ltd. is a wholly-owned subsidiary of A-share listed company Tianjin Bohai Chemical Co., Ltd., with a registered capital of 2.48 billion yuan. The company is located in the Tianjin Lingang Economic Zone, in the heart of the Bohai Rim economic area. It enjoys a favorable geographical location: it is connected to the Nangang Industrial Zone to the south, adjacent to the Central New City in Binhai New Area to the west, and faces the Bohai Sea to the east. It complements Tianjin Port and the Dongjiang Free Trade Port Zone, forming a powerful port economic zone with convenient and smooth transportation facilities that facilitate the movement of goods. It houses China’s first propane dehydrogenation to propylene plant with an annual capacity of 600,000 tons. Utilizing world-class patented technology from the American company LUMMUS, this plant features high yields, low energy consumption, low carbon emissions, and stable operation. It serves as a benchmark for PDH projects in China, as well as a demonstration and training site for LUMMUS technology transfer, and complies with **industry encouragement policies and the emission standards of the Binhai New Area. Propylene, the main product, serves as a basic petrochemical raw material and is widely used in the production of polypropylene, butanol and octanol, acrylonitrile, propylene oxide, and propyne.