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Is Weifang Binhai Petrochemical a state-owned enterprise?

No, according to the information of Weifang Binhai Chemical official website, Weifang Binhai Petrochemical Co., Ltd. is a wholly foreign-owned enterprise, a wholly-owned subsidiary of Tiande Chemical Holdings Co., Ltd., and a privately-owned enterprise rather than a state-owned enterprise. Weifang Binhai Petrochemical focuses on the research, development, production and sales of fine chemical products with broad market prospects, including chloroacetic acid, cyanoacetic acid and ethyl cyanoacetate.