# Shandong Yida New Material Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shandong-yida-new-material-co

- Industry: Oil & Gas
- Headquarters: Jining, China
- Website: www.sdydxcl.cn
- Latest round: Series A (May 31, 2017)
- Investors on record: 3

## About

Based in Shandong, China and established in 2012, Shandong Yida New Material Co., LTD. is a material developer of oil needle coke which focuses on supercritical fluid extraction technology and provides needle coke, fuel oil and liquefied petroleum gas products.

The company’s main business is ??developing and producing high-performance oil-based needle coke??, a critical raw material for advanced carbon products used in high-tech industries. The company’s self-developed products include ??Y99-D1 ultra-high-power graphite electrode-grade needle coke??, ??Y99-F2 high-energy-density anode-grade coke??, and ??specialty carbon materials??, all manufactured using proprietary technologies like multi-phase gradient separation and targeted carbonization. Its products are used in the fields of ??steelmaking, lithium-ion battery anodes, nuclear reactor components, aerospace engineering, and defense systems??.

The company generates revenue by ??selling needle coke to global lithium battery anode producers and graphite electrode manufacturers, licensing patented production technologies, and providing integrated supply chain services for oil refining byproducts like fuel oil and asphalt.
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## Funding rounds

- Series A, May 31, 2017 — YR Delta Investment Management, Shandong Hi-speed Fund
- Angel, May 15, 2012 — Shandong Huazhong Wofu Capital

## Investors

- Shandong Huazhong Wofu Capital — Angel
- YR Delta Investment Management (https://capitalatlas.ai/funds/yr-delta-investment-management) — Series A
- Shandong Hi-speed Fund (https://capitalatlas.ai/funds/shandong-hi-speed-fund) — Series A