Pentaerythritol-zinc (called Penzinc), which is a novel thermal stabilizer for PVC, was synthesized, and its performance was characterized during the thermal processing of PVC. The stabilization effects of this new stabilizer combined with calcium stearate (CaSt 2 ) and stearoyl benzoyl methane (b-diketone) were investigated using conductivity tests, thermal aging tests, and torque rheometry tests. The results revealed that the addition of Penzinc can improve the color and thermal stability of PVC in both static and dynamic tests. There are no obvious synergistic effects between Penzinc and CaSt 2 . However, the synergistic action between Penzinc and b-diketone is excellent. The thermal stability mechanisms of Penzinc and b-diketone are also discussed with the help of quantum chemical calculations.