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ⅠBrief Introduction to the Project
1.Name of Project: 200,000 T/Y High-Pressure Hydrotreater for Naphthenic Base Lubricating Oil
2. Total Investment: RMB 350,000,000
3. Survey of the Project:
(1) Product Name and Scale: The annual capacity is 200,000ton naphthenic base lubricating oil.
(2) Material Supply: At present, the company’s total by-products capacity of atmosphere 3rd and vacuum 2nd, 3rd, and 4th side out is 200,000 ton, all these base stocks for lubricating oil have low freezing point and medium viscosity, which is suitable for producing low freezing point naphthenic base lubricating oil.
(3) Production Technology: Hydrotreating—hydrodepression—hydrofining.
(4) Environmental Protection Measures: The ‘three kinds’ of wastes produced by this device can be treated through auxiliary device.
4. Market Analysis: Now, the total annual capacity of three major domestic naphthene base oil factories are about 700,000T/Y, but the domestic demand of such oil is about 1,000,000ton/year, furthermore, the demand is still increasing. According to estimate, the demand of naphthene base oil in three years will increase by 800,000—900,000ton due to the increased consumption of transformer oil, rubber filling oil and industry white oil. In addition, since the Shell company withdrew from the market two years ago, the prospect of the naphthene base oil market will be very encouraged indeed.
5. Economic Analysis:
(1) Annual Sales Revenue: RMB 640,000,000
(2) Net Annual Profit: RMB 56,300,000
(3) Static Investment payback Period: 6.4 years
6. Project Progress: We have completed the project registration and are conducting the preliminary design.
7. Way of Cooperation:
Conditions and Investment Proportion Contributed by Chinese Part: Investment in capital and factory location, the investment proportion has yet to be determined.
Conditions and Investment Proportion contributed by Foreign Part: Investment in capital.
Ⅱ. Brief Introduction of Chinese Partner
1. Name: Panjin Northern Asphalt Joint Stock Company Ltd.,
2. Type of Ownership: Joint stock
3. Scope of Business: Crude oil process, asphalt production and sale.
4. Address: Xinglong Street, Xinglongtai District, Panjin City, Liaoning Province
5. Number of Employees: Total 844, including 200 technical staff which 100 staff have the junior and senior technical titles.
6. Annual Sales Revenue: RMB 1,845,000,000 in 2005.
7. Marketing Network: Domestic and abroad market
8. Credit Class：AAA
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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