I. Project Background
Ethanolamine is the generic term of MEA, DEA and TBA. It is mainly used for surfactant, synthesis detergent, petroleum additive, synthetic resin, rubber plasticizer, accelerant, vulcanizing agent, foaming agent, as well as in air purification, liquid anti-freezing, printing and dyeing, medicine, farm chemical, construction and military work. In 2008, the global demand for ethanolamine estimated 1,440,000 tons, and China’s domestic demand was 180000 tons, but the supply in China was only 63000 tons. In 2012, the output of ethanolamine in China is expected to be 120,000 tons and the domestic demand reaches 250,000 tons.
II. Construction Scale and Production Plan
Annual production of ethanolamine - 50,000 tons
III. Market Analysis and Economic Benefit Forecast
Annual sales income estimate 767,520,000 RMB, profit estimate 86,180,000 RMB, investment payoff before tax – 3.95 years, investment payoff after tax – 4.61 years.
IV. Total Project Investment and Financing Arrangement
Total investment 303,800,000 RMB, 214,590,000 RMB for construction investment, working fund 84,350,000 RMB.
V. Cooperation Ways
Joint venture or cooperation
VI. Foreign Investment and Constitution
Funds & Technology
VII. Project Construction Venue
Longtan district of Jilin City
VIII. Project Progress
In the stage of preparation
IX. Outline of Project Organizer
North Chemicals Company subsidiaries to the Jilin Petrochemical company, PetroChina. Main business in petrochemicals production, machinery manufacturing, and building material production. Production equipments-51 sets, main products – 90 kinds, annual sales income estimates 1 billion RMB.
X. Contact Methods
Contact: Economic and Technological Cooperation Bureau of Chemical Industrial Circular Economy Demonstration Zone, Jilin City
Tel: 0086-432-6302-0240, 6304-1733