<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001326396</cik>
        <entityName>Keyuan Petrochemicals, Inc.</entityName>
        <issuerAddress>
            <street1>QINGSHI INDUSTRIAL PARK, NINGBO ECONOMIC</street1>
            <street2>&amp; TECHNOLOGICAL DEVELOPMENT ZONE</street2>
            <city>NINGBO, ZHEJIANG PROVINCE</city>
            <stateOrCountry>F4</stateOrCountry>
            <stateOrCountryDescription>CHINA</stateOrCountryDescription>
            <zipCode>315803</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(86) 574-8623-2955</issuerPhoneNumber>
        <jurisdictionOfInc>TEXAS</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>Silver Pearl Enterprises, Inc.</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Chunfeng</firstName>
                <lastName>Tao</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Qingshi Industrial Park</street1>
                <street2>ningbo Economic &amp; Technological Dev. Zon</street2>
                <city>ningbo, zhejiang province</city>
                <stateOrCountry>F4</stateOrCountry>
                <stateOrCountryDescription>CHINA</stateOrCountryDescription>
                <zipCode>315803</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Aichun</firstName>
                <lastName>Li</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Qingshi Industrial Park</street1>
                <street2>Ningbo Economic &amp; Technological Dev Zone</street2>
                <city>Ningbo, Zhejiang Province</city>
                <stateOrCountry>F4</stateOrCountry>
                <stateOrCountryDescription>CHINA</stateOrCountryDescription>
                <zipCode>315803</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-04-22</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>true</isBusinessCombinationTransaction>
            <clarificationOfResponse>The first closing was done immediately after a share exchange transaction.</clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>35000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>TriPoint Global Equities</recipientName>
                <recipientCRDNumber>143174</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>17 state street</street1>
                    <street2>floor 20</street2>
                    <city>new york</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10004</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>VT</state>
                    <description>VERMONT</description>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>26204640</totalOfferingAmount>
            <totalAmountSold>26204640</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>122</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>2096371</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Keyuan Petrochemicals, Inc.</issuerName>
                <signatureName>rachael schmierer</signatureName>
                <nameOfSigner>Rachael Schmierer</nameOfSigner>
                <signatureTitle>counsel</signatureTitle>
                <signatureDate>2010-05-19</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
