Rugao (Shandong) New Material Technology Co., Ltd. was established in November 2018 and is located in Jining Chemical Industrial Park, Jining City, Shandong Province. The plant under construction covers an area of 78,000 square meters, with a phase I investment of 200 million and an estimated total investment of 380 million. It will be completed and put into operation around the Spring Festival in 2020. It mainly produces electrolyte additives for power batteries and high-end electronic materials related to semiconductors. The company is a fast-growing high-tech enterprise with nearly 20 domestic and foreign independent intellectual property rights for inventions. It is expected that the annual output value will reach over 1 billion by 2025.