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Ⅰ. Brief Introduction to the Project
1. Name of the Project: 300,000 T/Y Methanol and 200,000 T/YDimethyl Ether Project
2. Total Investment: 1.477 billion Yuan
3. Survey of the Project:
(1) Product name and scale: 300,000 T/Y methanol, 200,000 T/Y dimethyl ether and 30,000T/Y hydrogen.
(2) Material supply: 850,000T/Y raw coal, which shall be purchased in the province.
(3) Production Technology: it is planned that technology of German GSP Company will be used.
(4) Environmental Protection Measures: in reference to features of coal dust, dust recovery plant shall be installed at motion places of conveying system. Existing environment protection facilities of Huajin Group will be used for disposal of "Three Wastes".
4. Market Analysis: As the basic organic industrial chemicals, the consumption of Methano is second only to ethylene, benzene etc., with broad market prospect. First of all, methanol may be added into gasoline for burning with ratio of 5%. Secondly, we may develop downstream chemical product series with methanol as the raw material, which is processed by oxo synthesis. Such as dimethyl ether, as secondary clean energy, which may substitute LPG and diesel oil, shows extensive development space. Presently, LPG consumption in China is approximately 40 million tons per year, so the market prospect is extensive.
5. Economic Benefit Analysis:
(1) Total Investment: RMB 1.477 billion (including RMB 60.86 million of interest during construction and RMB 16.93 million of initial circulating funds).
(2) Annual Sales Revenue: RMB 717 million
(3) Annual profit after tax: RMB 332 million
6. Project Progress: It has already listed in the "National Debt Plan of Old Industrial Base Revival in Liaoning".
7. Way of Cooperation:
Conditions and Investment Proportion Contributed by Chinese Part: contribution of land and funds, ratio of contributions shall be determined separately.
Conditions and Investment Proportion Contributed by Foreign Part: contribution of funds and technology.
Ⅱ.Brief Introduction of Chinese Partner:
1. Name: Liaoning Huajin Chemical Industry Group
2. Type of Ownership: Joint stock system
3. Scope of Business: Fertilizer production, petrochemical industry, refinement chemical industry, plastics processing and trade.
4. Address: Shuangtaizi District, Panjin, Liaoning
5. Number of Employees: 11098 staffs, including 778 staffs with medium grade professional titles and 186 staffs with senior professional titles.
6. Annual Sales Revenue: RMB 5.715 billion in 2005
7. Marketing Network: Market at home and abroad
8. Credit Rating: AA
9. Contact Unit:
Liaoning Panjin Industrial Project Planning Office
Liaison: Cui Xuehui
Telephone and fax: 0427-2816611
E-mail: lpcxh@126.com
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