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Shandong Polymer Biochemicals Co Ltd

Shandong Newleaf Chemical Co., Ltd., together with its subsidiaries, produces and sells specialty chemicals for oil and gas exploitation in China and internationally. Its products include acrylamide, polyacrylamide, surfactants, demulsification and water purification agents, and fracturing fluids. The company also provides technical services for oil field stimulation, oil recovery, and environmental protection water treatment. Formerly known as Shandong Polymer Biochemicals Co., Ltd., it changed its name to Shandong Newleaf Chemical Co., Ltd. in June 2026. Founded in 1996, it is headquartered in Dongying, China.

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Xinye Shares Subsidiary Signs Framework Procurement Contract for Polyacrylamide for Oil Displacement

Xinye Shares announced that its subsidiary, Dongying Baomo Environmental Engineering, has signed a Chemical Products Framework Procurement Contract Agreement with Sinopec International. The contract is valid until August 20, 2027. The subject matter is Type II granular polyacrylamide for oil displacement, with supply covering four major executing enterprises including Shengli Oilfield. Actual supply quantities will be based on purchase orders. This contract signing falls within the scope of daily operations and will not adversely affect the company's business independence.
Critical Materials & Supply Chain

Xinye Shares Subsidiary Shortlisted as Supplier for Sinopec's Polyacrylamide II Framework Agreement for Oil Displacement

Xinye Shares announced that its wholly-owned subsidiary Dongying Baomo Environmental Engineering has been shortlisted as a supplier for the 2026-2027 Polyacrylamide II framework agreement for oil displacement by Sinopec Shengli Oilfield Company. A total of seven suppliers were shortlisted in this tender. Baomo Environmental's evaluated bid price excluding tax was 268 million yuan, ranking first in overall score and third in bid price. The tendered material is Polyacrylamide II granular for oil displacement, with an estimated total procurement volume of 68,700 tonnes. Actual execution quantities will be based on orders, and the tendering party does not guarantee a minimum supply share. The tender documents set out two differentiated share allocation rules, and the final scheme has not yet been determined. The actual supply share for each supplier will be based on subsequent orders issued by the tendering party.
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