According to the Department of Science and Technology of Shandong Province, with the official start of production for the 36,000-ton-per-year water-injected glucose project developed independently by Yikang Group after National Day, Shandong's "corn chemical" base has now reached a processing capacity that exceeds 100 million tons of corn annually. This accounts for 60% of the city's total corn output. Over 2.4 million farmers in the region are expected to gradually transition into specialized roles as chemical workers in the "corn chemical" industry.
It is known that Binzhou City serves as the core production hub for "corn chemicals" in Shandong Province. Both Xiwang Group and Yikang Group, two leading companies in corn-based chemical production, are located in Binzhou. Xiwang Group is currently the largest domestic producer of maltodextrin, crystalline glucose, and lysine made from corn, with annual outputs of 100,000 tons, 300,000 tons, and 80,000 tons respectively. It also produces 100,000 tons of high-protein feed annually. At current market prices, one ton of corn costs approximately 1,400 yuan, while the end product, lysine, sells for around 24,000 yuan per ton.
Yikang Group and other companies utilize cornstarch as their primary raw material, integrating foreign advanced technologies with independent research and development. This approach has enabled them to extend their industrial chain toward higher-value products. One such product is anhydrous glucose injection, which is currently one of the most sought-after items in the international market. Approximately 80% of the products are exported, and the profit margin reaches up to 35%. From January to August this year, Yikang Group reported sales revenue, profits, and taxes that were 3.8 times, 36.8 times, and 137.8 times higher than the same period last year, respectively. The company annually produces 36,000 tons of anhydrous raw medicine glucose, accounting for 70% of the country’s total output, and its products are exported to 17 countries and regions.
Binzhou currently has a population of 3.65 million, with the majority engaged in agricultural activities. According to the "Eleventh Five-Year Plan" of Shandong Province, Binzhou's "Corn Chemicals" sector is expected to process 2 million tons of corn annually during the plan period. To achieve this, the city will implement a "company + base + farmer" model. Under this system, the company provides improved seed varieties and fertilizers, while agricultural experts offer technical support. The farmland becomes the first workshop for the "corn chemical" enterprise, and farmers are responsible for planting and managing the corn. The harvesting of mature corn will be carried out through mechanized operations by the company. This initiative aims to transform 2.4 million farmers into skilled workers in the "corn chemical" industry, promoting sustainable economic growth and rural transformation.
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