Did Dongying Yatong Petrochemical go bankrupt?

It didn’t go bankrupt.

The company's first phase project in 2022 includes 2 million tons/year catalytic cracking, 5 million tons/year heavy traffic asphalt, gas separation MTBE public facilities, and gasoline and diesel hydrogenation supporting methanol hydrogen production and other projects, with a total investment of more than 2 billion yuan. At present, they have all been completed and put into operation, and all environmental protection indicators and product quality are in line with national standards. At the same time, in February 2022, it was rated as a municipal health enterprise.

Dongying Yatong Petrochemical Co., Ltd. settled in the Dongying Port Economic Development Zone in September 2007. It was the first petrochemical enterprise to settle in the Dongying Port Economic Development Zone.