Scale of Construction
0.12 million tons of maleic anhydride per year
Maleic anhydride is an important organic chemical raw material, which is the third biggest anhydride only next to phthalic and acetic anhydride. The main application of maleic anhydride is to produce UPR. Besides, maleic anhydride is also used in the aspects of painting, printing, additive, agricultural chemicals, papermaking chemicals, finishing agent and surfactant. At present, the production capacity of maleic anhydride can meet the need of domestic market and every year only a few need to be imported. However, from the perspective of area arrangement, the production of maleic anhydride is in Hebei, Shanxi and Shandong provinces. In 2010, the demand of maleic anhydride was 0.48 million tons and in 2016 it will be 0.71 million tons.
Content of Construction
The project is built in Jining Development Zone of Chemical Industry.
Relative Supporting Facility
Currently the supporting public works in the development zone can meet the need of construction.
Analysis of Investment and Benefit
The total investment is 0.35 billion RMB and the sales revenue per year will reach 0.9 billion after completed. So the profit is 37 million RMB, ROI is 11% and the payback period is 13 years.
The first-phase preparations are being made.
Ways of Cooperation
Joint venture, sole proprietorship or joint-stock system