100,000 tons per year
CO2 degradable plastics, which can be totally degraded in the natural environment, have good transparency, oxidation resistance and bio-compatibility. They have found wide application in daily life as well as industries. So far, only a few counties have the ability to produce this kind of materials and their combined output is only 50,000 tons per year. It is predicted that the market demand for bio-degradable plastics will reach 1,300,000 per year and that for the CO2-degradable plastics will be 130,000 tons per year.
The project is located in Jining Chemical Industrial Development Zone in Jinxiang county. The project will use patented Chinese technologies. At present, there are four such technologies, they are the Aliphatic Polycarbonate (PPC) Technology invented by the Changchun Institute of China Science Academy, the Nanocatalyst Technology invented by the Guangzhou Chemical Institute of China Science Academy, the Propylene Oxide technology invented by Zhongshan University and the Rare Earth Coordinated Catalytic technology invented by Tianjin University. The first three have been put into industrialization.
The Zone has all necessary supportive infrastructure for this project.
Investment and Profit Analysis
The total project investment is 950 million yuan. The sales revenue is expected to reach 1.45 billion yuan and the yearly profit of 190 million yuan. The ROI is 20% and the payoff period is 5 years.
Preparation work is in progress.
Joint venture, sole proprietorship or joint-stock system