Shandong Polymer is a leading enterprise in the domestic EOR industry with a capacity of 33,000t/a anion PAM (APAM) and 12,000t/a cationic PAM (CPAM), among which, 10,000t/a APAM and 10,000t/a CPAM were put into production in April 2012 and Dec. 2009, respectively. With this newly-released capacity, Shandong Polymer can take the second place in the domestic PAM industry. Moreover, in Dec. 2012, the company started a new program to double its AM capacity.
Therefore, the expanded capacity of the company can help it meet needs of more customers and enable it to fulfill the contract.
Shandong Polymer Bio-chemicals Co., Ltd. (Shandong Polymer) signed again a supply contract with Sinopec Shengli Oilfield Company (Shengli Oilfield) on March 19, 2013. According to the contract, Shandong Polymer will supply 13,500 tons of polyacrylamide (PAM) during the period of March 19, 2013–Aug. 21, 2013. The contract values USD35.4 million, about 38.09% of Shandong Polymer's total revenue in 2012.
In fact, Shandong Polymer has just completed one supply contract worthing USD34.7 million with Shengli Oilfield, supplying about 13,300 tones of PAM during the period of Oct. 26, 2012–Feb. 28, 2013.
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