February 8, 2025 – Asia Peixi Technology (Hangzhou) Secures Nearly 100 Million Yuan in Financing to Boost Production Expansion
Asia Peixi Technology (Hangzhou) Co., Ltd. has announced the completion of a nearly 100 million yuan financing round, led by Shengshi Investment with Yiren Capital serving as the exclusive financial advisor. The funds raised will primarily be used for Asia Peixi’s subsequent production expansion, further advancing its footprint in the high-end polyolefin fluids sector.
As a global leader in high-end polyolefin fluid products, Asia Peixi specializes in the research and development of metallocene and late transition metal catalysts, as well as the industrialization of metallocene-catalyzed polyolefin processes and products. Its core product, metallocene poly-alpha-olefin (mPAO), finds widespread application in demanding fields such as wind power, rail transit, robotics, and aerospace, serving as a critical base material.
According to the Color Masterbatch Industry Network, metallocene poly-alpha-olefins exhibit significant advantages over traditional poly-alpha-olefins in terms of performance, environmental protection, safety, and compatibility. Their high viscosity index, excellent low-temperature flow properties, and strong thermal stability make them highly favored in the high-end lubricant market.
Dr. Wei Dongchu, CEO of Asia Peixi, stated that with the global increase in demand for high-end lubricants, the metallocene poly-alpha-olefin market holds immense potential. However, the market currently faces challenges such as high technical barriers, costly production, and a highly concentrated market landscape.
Notably, through years of technical breakthroughs, Asia Peixi has successfully disrupted foreign technology monopolies, developing high-performance metallocene catalysts and significantly reducing production costs. Presently, Asia Peixi stands as the only company globally capable of precisely customizing poly-alpha-olefin products across a viscosity range of 1cst to 100,000cst.
Previously, Asia Peixi completed a 150 million yuan Series A financing round and established a metallocene poly-alpha-olefin demonstration plant with a capacity of ten thousand tons in a chemical industrial park in Zhejiang. This latest financing will further facilitate Asia Peixi’s production expansion, laying the groundwork for larger-scale capacity increases and technological upgrades.
Dr. Wei emphasized that the success of this financing round not only recognizes Asia Peixi’s technical prowess but also signifies a strong vote of confidence in the company’s market prospects. Asia Peixi remains committed to addressing national needs, striving to overcome technical barriers, and promoting the industrialization of metallocene poly-alpha-olefins.