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Is Qi Xiang Tengda a state-owned enterprise?

No, this is a private enterprise.

The company's predecessor was Zibo Qi Xiang Tengda Chemical Co., Ltd. ... Zibo Qi Xiang Tengda Chemical Co., Ltd. was changed to Zibo Qi Xiang Tengda Chemical Co., Ltd.

The company has been focusing on the deep processing of C4, a by-product of petroleum processing, and transforming it into fine chemical products with high added value. The main R&D, production and sales products are methyl ethyl ketone, MTBE, isobutylene and tert-butanol, among which methyl ethyl ketone is the leading product of the company.