I. Project name: Project towards producing 20,000 tons 1.3-propanediol annually

II. Project address: Dongping County Heavy and Chemical Industrial Zone

III. Brief introduction to the project: Ruixing Group has signed a long-term technological cooperation agreement with Beijing Chemical Industry Universtiy, and presently the two of them are carrying out National "863 Plan" together——1.3-propanediol biorefinery technology. This project mainly develops and produces the downstream products of starch and glucose——1.3-propanediol. Adopt biological zymotechnique and use the refining technology of 20,000tons/year will greatly reduce the import pressure of PTT fabric raw materials constituted from 1.3-propanediol, as well as promote the fabric high-tech development, and meanwhile make use of methane coming from biological refining engineering to generate electricity.

IV. Total investment: 200 million yuan RMB

V. Ways of cooperation: Joint venture and cooperation

VI. Market analysis of the project: 1.3-propanediol is one kind of important chemical industry products and raw materials with broad application, and presently the market products are in short supply. With the increasing market demand towards PPT, the market demand of 1.3-propanediol will be greater. So, this project has high economic benefits and broad market prospect.

VII. Analysis of the economic benefit: After the project puts into operation, it can newly increase the sales revenue of 400 million yuan RMB, and profit and tax of 80 million yuan RMB annually as well.

VIII. Brief introduction to the cooperation unit of the project: Shandong Ruixing Chemical Co., Ltd. is a large-sized joint-stock comprehensive chemical enterprise concentrating on the production of carbamide as well as a national-level key high-tech enterprise. Located in the southern industrial zone of Dongping County, this company has 3,200 employees and owns a total capital of 1.6 billion yuan RMB. It covers an area of 75 hectares with a building area of 200, 000 square meters. Its susidiary companies include Fertilizer Company, Pharmaceutical Company, Chemical Company, Thermo Electron Company and Installing Company of Chemical Industry. Its main products and productivity are: urea 600,000tons/year, stearic acid 5,500tons/year, glycerin 500tons/year, methanol 30,000tons/year, methenamine 30,000tons/year, corn flour 100,000tons/year, glucose and its derivatives 20,000tons/year, oil-displacing agent and its accessory ingredient 2,000 tons/year.

IX. Contact ways:
Contact unit: Dongping County Investment Promotion Bureau
Person to contact: Mr. Chen, Mr. Liu
Tel: 0086-538-2830589
E-mail: Lbdz188@163.com