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1. Background of the Project: located in the middle reach of Hanjiang River, Yicheng is the important base of commodity grain and oil production in the country, and it is the planning district of national high-quality oil plant and the main producing area of national high-quality peanuts. In Yicheng, the long-term cultivated area of peanut is 26666.667 hectares, and totally 42666.667 hectares of area is suitable for cultivating peanuts. In recent years, Yicheng stresses on the development of " one brand for one city " taking oil as leading products in a more cost-effective manner, the cultivated area of the peanut is expanded day by day, the annual output is up to 100,000 tons, and the biggest distributing centre the northwest of Hubei Province of the peanut primary products comes into being, a distribution corridor of peanut has been built up, which is 20 kilometers, the annual trading volume is up to 150,000 tons. In addition, the peripheral resources of peanut are very abundant, regarding Yicheng as the centre, in range of nearly 200 kilometers, the long-term cultivated area of peanut is more than 8 million mu, annual production is about 1,500,000 tons.
2. Content and scale of the Project: 1) To process 300,000 tons of shelled peanuts every year. 2) Annual output is 86,400 tons of thick fragrant peanut oil, 19,200 tons of peanut salad oil, 15,000 tons of fragrant peanut oil, 132,000 tons of dregs of peanut, 10,000 tons of peanut for merchandise, 18,000 tons of peanut albumen powder, 5,000 tons of textured peanut protein, 15,000 tons of peanut milk, 1000 tons of peanut catsup, 1,500 tons of red peanut seed capsule, and 3000 tons of oil stock and soap stock.
3. Estimated Investment: The Feasible Research of this project has been fulfilled by Zhengzhou Science & Technology Research Institute. Its total investment is estimated to be 13.38 million USD, including 2.79 million USD for Building construction, 6.16 million USD for purchasing equipment, 700,000 USD for installation, and 370,000 USD for some unexpected expense.
4. Benefit Analysis: 1) Economic Benefit Analysis: After its fulfillment, the annual output value can reach 218.33 million USD, the annual profit can be 21 million USD, and 7.73 million USD of tax will be handed in.. 2) Social Benefit Analysis: The development of this project requires 66666.667 hectares of peanuts cultivated area and 300,000 farmers will be connected to deal with such project. It can accelerate the agricultural industrialization, and increase more than 400 posts for the peripheral residents.
5. Cooperation Form: To set up an equity joint-venture company or a wholly foreign-funded company.
6. Contact:
Department: Yicheng Investment Promotion Bureau
Contact Person: Wang Qingsong
Tel: 13339821685
Fax: 0710-4255211
Postcode: 441400
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