70,000 tons per year
Epoxy resin has excellent intensity, toughness, chemical resistance, inoxidability, water-proofness, mildew resistance, heat and cold resistance, cementability and electrical property. It is widely used in many ways including protective painting, electrical packaging, adhesives, and various composite materials. The market demand is predicted to be 3 million tons by the year of 2015, with an annual increase rate of 6%. The demand of Asian countries increase very fast, especially China, with an increase rate of 11.6%. The import of epoxide resin of recent years has increased at 20% yearly. The fast development of auto, information, energy, transportation, construction and other industries all bring huge demand for epoxide resin.
The project is located in Jining Chemical Industrial Development Zone in Jinxiang county. The continuation method will be deployed in this project, which refers to the continuous feeding of materials and continuous recycling of mixed solvent during the condensation reaction process of biphenyl A with epichlorohyrin. This method is mature, easy to control and the products enjoy stable quality. The project also involves purchase of reaction equipment.
The Zone has all necessary supportive infrastructure for this project.
Investment and Profit Analysis
The total project investment is 520 million yuan. The sales revenue is expected to reach 1.09 billion yuan and the yearly profit of 120 million yuan. The ROI is 22% and the payoff period is 5 years.
Preparation work is in progress.
Joint venture, sole proprietorship or joint-stock system