Shandong Fufeng Perstorp Chemical Co., Ltd is a joint venture company with total registered capital RMB70.58 million. The company was founded by Shandong Fufeng Chemical Co., Ltd., Perstorp AB(Sweden), Australia GICC Holding Pty Ltd and Shandong Huanhai Petrochemical Co., Ltd. The Perstorp AB holds 51% of the company share; Fufeng Chemicals has 36.95% of shares; Australia GICC owned 12.25% shares and the Huanghai Petrochemicals has the rest 9.8% shares. The company is a specialty chemicals producer of trimethylolpropane (TMP) and sodium formate relying on the advanced technique of Perstorp and the superior materials supplied by the Sinopac-Qilu. The annual capacity of TMP and sodium formate is 15,000 tons respectively, ranking the top in China. With the good location in the Qilu Chemical Industrial Park, the company engaged an area of 4,100 sqm.