50,000 tons per year
PTMEG (polyoxytetramethylene) is the most important raw material for making spandex fiber and high grade polyurethane elastomer. It is widely used in making aviation products, military products, auto parts, medical equipment and artificial organs. To produce every ton of spandex fiber, 700 kilograms of PTMEG is needed. Since the demand for spandex fiber has been growing very fast in both China and abroad, the price of PTMEG also grow at a fast speed.
The project is located in Jining Chemical Industrial Development Zone in Jinxiang county. Solid Catalyst method is used in this project and the raw material is 1,4-butanediol, which is used for making THF, which is used for making PTMEG. The specific technique will be determined when the project is implemented according to the environmental protection rules.
The Zone has all necessary supportive infrastructure for this project.
Investment and Profit Analysis
The total project investment is 820 million yuan. The sales revenue is expected to reach 1.2 billion yuan and the yearly profit of 130 million yuan. The ROI is 15% and the payoff period is 5years.
Preparation work is in progress.
Joint venture, sole proprietorship or joint-stock system