Shandong Acid Technology Co., Ltd. is a modern large-scale comprehensive chemical enterprise jointly invested and established by Shiheng Special Steel Holding Group Co., Ltd., a top 500 Chinese enterprise, and Feicheng City Construction Investment Group Co., Ltd. The company is located in Feicheng Chemical Industrial Park, Shandong Province. The land is more than 820 mu, the registered capital is 1 billion yuan, the first phase investment is 1.8 billion yuan, and the second phase is under market research.Adopting the development model of integrated steel and chemical production with circular economy, the company boasts an annual production capacity of 200,000 tons of formic acid, 50,000 tons of oxalic acid, 100,000 tons of calcium formate and 30,000 tons of formamide.