Scale of Construction

0.2 million tons per year of crude benzene hydro refining

Market Forecast

Coking crude benzene is a kind of by-product which is recycled during the process of coking. It is also a kind of chemical materials in short supply. After further processing and refining, coking crude benzene can achieve high-quality purified petroleum benzene, toluene, dimethylbenzene, heavy benzol, which are mainly used in the industry of synthetic fiber, plastics, medicine, dyestuff, pesticide, painting, rubber and other daily chemical industries. Those are all high value-added products with considerable economic benefits.

Content of Construction

The project is built in Jining Development Zone of Chemical Industry. The project plans to adopt the technology of mesotherm hydrogenation and extractive distillation. Major equipment, such as reactor, evaporimeter, stabilizer, compressor, machine pump, and so on, should be bought.

Relative Supporting Facility

Currently the supporting public works in the development zone can meet the need of construction. In 2011, in Shandong province, the capacity of coking was over 68 million tons and more than 0.43 million tons coking crude benzene was produced, which can provide sufficient materials for the project. Besides, the supporting gas centre in development zone can offer hydrogen.

Analysis of Investment and Benefit

The total investment is 0.6 billion RMB and the sales revenue per year will reach 1.55 billion after completed. So the profit is 0.19 billion RMB per year, ROI is 32% and the payback period is 5 years (including 2 years of construction period).

Progress

The feasibility study report has been already completed.

Ways of Cooperation

Joint venture, sole proprietorship or joint-stock system