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"Iperene
150 million was raised!
  congratulations!
Aperiene Technology (Hangzhou) Co., Ltd. recently announced that it has completed 150 million yuan in Series A financing, jointly invested by companies such as Longsheng Group and Huafeng Group.
Aperiene Technology is a high-tech enterprise focusing on the process research and development and industrialization of metallocene polyolefin products and fully synthetic liquid new materials. In this round of financing, apenene will be used for the construction of a base oil raw material plant with an annual output of 10,000 tons of polyalpha-olefin (mPAO) to accelerate the IPO layout.
Since 2019, we have made in-depth reports on apenene. The founder, Dr. Wei Dongchu, is also the chief sponsor of the "First Jessie Venture Capital Party". Dr. Wei's project has always been the hottest project in our venture capital party, and is favored by capital!
This round of financing also demonstrates the extraordinary strength of new materials "Made in China"!
The strength of China's intelligent "hard technology" is extraordinary
The core technology of apeneene technology is the development and production of metallocene catalyst, solution process development and polyolefin product technology development and industrialization. mPAO is a new material of a new generation of fully synthetic lubricating oil, which has been widely used in aviation, wind power, high-speed rail, aircraft carrier, nuclear-powered submarine, heavy-duty vehicles, heavy armored tanks, as well as important industries such as mining, ocean-going ships, steel, and cement industries. , military equipment, but also one of the raw materials in the field of food manufacturing and pharmaceuticals.
At present, high-end mPAO products rely heavily on imports. It is of great strategic significance for apenene to realize high-performance mPAO technology and localization of products. Aperiene deserves to be rated as a national high-tech enterprise.

Figure 1: mPAO products produced by apeneene

"Let Chinese technology lead the world and not be restricted by overseas imports" is the original intention of Dr. Wei Dongchu, the founder of Aperene. Dr. Wei has studied and worked in the United States for nearly 30 years, and obtained a Ph.D. in organic chemistry from New Mexico State University. He has a solid scientific research background and innovative and international thinking. His core team has a wealth of new products from laboratory development to Experience in pilot scale and commercial production, especially in the development and application of metallocene polyolefin products. After years of unremitting efforts and innovation, appropene has obtained 16 Chinese and American invention patents, 14 Chinese and PCT invention patents, and accumulated a large amount of intellectual property rights.
Aperiene has already become a professional supplier of commercial metallocene catalysts for Sinopec and PetroChina, and in May 2020, the pilot test of 100-ton mPAO micro-flux catalytic polymerization was completed. Ipene is one of the few companies in the world that can produce mPAO products of any viscosity grade within the range of 2cst to 100,000cst. It has also developed production technologies such as ethylene oligomerization to prepare advanced linear alpha-olefins (LAO for short), making up for China's The technical shortcomings in this field, and the development of ultra-high viscosity mPAO, which is in short supply worldwide, has attracted the attention of the industry.

　Figure 2: Pilot production line of apeneene

Even more powerful, the future can be expected
The field of hard technology and innovative materials has always been the focus of capital attention. Several capital parties investing in apenem are excellent companies in the chemical industry. Among them, Zhejiang Longsheng [600352] is the world's leading enterprise in dye chemicals; Zhongxin Fluorine Material [002915] is a high-tech enterprise mainly engaged in fluorine fine chemicals; Huafeng Group is a top 500 Chinese chemical new material enterprise with 3 listed companies. The joint investment in apenene has injected strong new impetus into this potential high-tech enterprise, and also boosted the innovative materials "Made in China" to gallop on the world stage.
Dr. Wei said: This round of financing better supports the continuous investment of appropene in the field of technology research and development and production. It will be used for a 10,000-ton mPAO demonstration device. The factory is located in Shangyu Chemical Industry Park. The design has been completed and the project is under In the approval process, the construction of the mPAO base oil feedstock plant is planned to be completed by the end of 2022. In 2022, we will focus on the start-up operation of the 10,000-ton demonstration plant in Shangyu, and at the same time promote the LAO industrialization project with ethylene as raw material, strive to complete the 20,000-ton ethylene oligomerization project in 2023, and plan to pass it in 2025. It is estimated that by 2027-2030, the production line of 200,000 tons per year will be completed, and the total sales will reach about 10 billion by then, with rapid growth!
The market application prospects of appropene products are very broad, and high-quality synthetic oil is an important "core" of modern manufacturing. For example, mPAO is an important raw material in the field of aviation lubricants, and almost all aircraft engines need to use high-grade fully synthetic lubricants and greases. The market size of China's air transportation industry can reach hundreds of billions, and for mPAO, it is an open sky! mPAO is also an indispensable key raw material in the field of automobiles and military equipment, and the global rigid demand is huge!
It is reported that the industrial production, development and application of foreign mPAO (polyalpha-olefin) has only lasted for more than ten years, which is a product in short supply, while most of the mPAO in the Chinese market relies on imports. The whole process of production, the product category is wide, the quality is excellent, and the production cost and selling price are very competitive.
As a key new material for high-performance, environmentally friendly and energy-saving lubricants, mPAO has better performance than the original mineral oil and PAO. It can be used in highly severe application environments. It plays a role in lubricating protection and is more energy-saving and environmentally friendly, in line with China 2060 standards. The environmental protection policy to achieve carbon neutrality in 2018 also meets the requirements of the international market for low-emission, low-pollution, high-quality industrial development.
Abenemide can develop and customize the applicable synthetic base oil mPAO according to different national conditions, different environments and requirements to meet the needs of different markets. Many overseas buyers have already placed orders and cooperation needs with Acetene.