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