Founded in 2017 and headquartered in Ningbo of China, Zhejiang Sugar Energy Technology Co., Ltd. is a state-level high-tech enterprise specializing in the design and development of new bio-based furan new materials. The technology of the company is originated by the Ningbo Institute of Materials Technology & Engineering, Chinese Academy of Sciences. There are 32 employees in the company, more than 50% of whom have a master's degree or above. The company takes the lead in the technology of industrialization production of 5-hydroxymethylfurfural (5-HMF) for the production at kilo metric tons level in the world, and now the company is simultaneously building two 5-HMF production lines with the production capacity of 1000 metric tons per year for each in Shandong and Hubei respectively, striving to become the leader in the development of global 5-HMF industry. From the beginning of year 2021, the company managed to lower the selling price of 5-HMF below 25 thousand USD per metric ton, and this enables the development and application of more downstream products to become feasible economically.
5-HMF is considered as the most promising bio-platform compound, and it has been the focus of the material industry in recent years. The company has innovatively introduced advanced catalytic and molecular design technologies into the design and development of 5-HMF derivatives and end products, enabling the development of new materials that are more accurate and efficient to meet the needs of different market segments. At present, more than 10 core derivative products have been developed, which are widely used in the fields of new polymer materials, pharmaceutical intermediates and fine chemicals.