|
Ⅰ. Brief Introduction to the Project
1. Name of the Project: Synthetic Ammonia, Urea, Methanol and Melamine Combined Expansion Project
2. Total Investment: RMB 1.154 billion
3. Survey of the Project:
(1) Product name and scale: 100,000-methanol T/Y methanol, 100,000 synthetic ammonia T/Y increase, 24,000 T/Y melamine and 220,000 t/a urea.
(2) Material supply: powdered coal from coal mines in the province as raw material.
(3) Production Technology: Texaco powdered coal gasification technology is proposed to be used for coal gas generating section. Sulfur tolerant shift，NHD desulfuration, decarburization, ferric oxide refined desulphurising process shall be used for methanol unit. Dual-tower stripping technology developed by Beijing Huanqiu Company shall be used for urea unit. Gas phase atmospheric fluid bed production technology shall be used for melamine unit, which si similar to German BASF technology.
4. Market Analysis: As the short of raw material and demand exceeding supply, urea price increased substantially. Methanol is widely used for producing derivative such as acetic acid, formaldehyde and dimethyl ether. It is also used as gasoline additive. Presently, domestic demand for methanol exceeds supply, and annual methanol gap in northeast market reaches over 700,000 tons. Owing to substantial increase of international crude oil price, urea units of some major companies abroad have already stop production, resulting in subsequent production halts of melamine unit. Demand for melamine in international market exceeds supply. 25,000 tons of melamine is needed in northeast market in China each year.
5. Economic Analysis:
(1) Total Investment: RMB 1.154 billion (including RMB 51.18 million of interest during construction and RMB14 million of circulating funds).
(2) Annual Sales Revenue: RMB 676 million
(3) Annual Profit (before tax): RMB 226 million
(4) Static Investment Payback Period: 6.22 years
6. Project Progress: The Project was listed in the "National Debt Plan of Old Industrial Base Revival in Liaoning", and 26,000 t/a melamine expansion is on the border of completion.
7. Way of Cooperation:
Conditions and Investment Proportion Contributed by Chinese Part: contribution of existing unit, land and utilities, controlling the stocks.
Conditions and Investment Proportion contributed by Foreign Part: contribution of funds.
Ⅱ. Brief Introduction of Chinese Partner:
1. Name: Panjin Zhongrun Chemical Industry Corp.
2. Type of Ownership: Private
3. Scope of Business: Fertilizer production and marketing.
4. Address: Xinglongtai District, Panjin, Liaoning
5. Number of Employees: 780 employees, including 200 professional technical personnel.
6. Total Assets: RMB 476 million
7. Annual Sales Revenue: 195 million Yuan in 2005
8. Marketing Network: Market at home and abroad
9. Contact Unit:
Liaoning Panjin Industrial Project Planning Office
Liaison: Cui Xuehui
Telephone and fax: 0427-2816611
E-mail: lpcxh@126.com
|
