Yuxi Yuanjiang Industrial Ethanol Production Project

来源:本站
发布日期:2021-01-21 17:22

Project Name

玉溪市元江县工业乙醇生产项目

Yuxi Yuanjiang Industrial Ethanol Production Project

Project

Industry

Chemical industry

Project Site

Ganzhuang District of Yuanjiang Industrial Park

Project Overview

Grasping the opportunities of national energy development, relying on Yuanjiang County’s abundant agricultural resources such as cassava, corn, sugarcane, and leveraging the advantageous location conditions, convenient transportation and the development foundation of Yuanjiang Industrial Park, it is planned to build the industrial ethanol production project with an output of 300,000 tons in Yuanjiang Industrial Park. The project proposes to adopt fermentation techniques. It purchases 10 sets of fermentation tank equipment and builds ethanol fuel production lines and four production workshops to develop an annual production capacity of 150,000 tons of ethanol fuel products. In addition, it also builds supporting facilities such as water supply and drainage, power supply, heating utilities, as well as office establishment and life amenities.

Project Construction

Content

Construction Scale: Four major works will be completed, namely, the main production project, the auxiliary production project, the public utilities project, and the supporting facilities project.

Construction Duration: one year

Land Area: 460 mu

Supporting Conditions

1. Project Advantages and Opportunities:

Yuanjiang Hani, Yi and Dai Autonomous County is in the south of Yunnan in Southwest China. It is located in the middle and upper reaches of the Red River and stands in the southernmost part of the "central Yunnan town cluster" among the six major clusters in Yunnan. With the altitude ranging from 400 meters to 1,300 meters, it features a typical stereoscopic climate as the saying goes that "four seasons can be found at the same time in one region and weather differs every ten miles". Warm in winter and hot in summer with sufficient sunlight, it is a natural greenhouse and a winter resort known as the "Sun City in Red River Valley".

By 2019, the Kunming-Mohan (Kunmo) Expressway and Tianbao-Houqiao (Tianhou) Expressway have been completed and opened to traffic; the Yongjin Expressway and Yuanjiang-Manhao Expressway are under construction; plans have been made to construct the Yuanjiang General Airport; a part of the middle section of the Trans-Asian Railway situates in Yuanjiang with stations set. It is a frontier opening-up county of China facing the South Asian and Southeast Asian countries. The project is located near the railway freight station. The superior location and transportation conditions ensure the external transportation of both production materials and products.

2. Associated Industries:

In 2019, Yunnan Province had a cassava planting area of about 500,000 mu, a fresh cassava output of about 750,000 tons and a sugarcane planting area of 4.349 million mu, accounting for 22% of China's total. At the same time, Yunnan's geographical advantages of being close to South and Southeast Asia facilitate its imports of the required raw materials just in the neighborhood. Yuanjiang boasts superior natural conditions and is one of the areas in China most suitable for planting cassava, sugar cane, corn, and other crops. In 2018, Yuanjiang held the "Spicy Cassava Ecological Planting Site Observation and Exchange Meeting". Experts attending the meeting believed that the spicy cassava produced in Yuanjiang performs the best in quality nationwide.

3. Early Preparations:

At present, Yuanjiang has got the industrial ethanol production indicator of 300,000 tons and has signed the Industrial Ethanol Development Strategy Agreement. It is already qualified for industry access.

Investment Estimate and Fund Raising

Investment Amount: About RMB 1 billion, with a fixed-asset investment of about RMB 866 million and working capital of about RMB 184 million.

Fund Raising: Self-raised by enterprises or by and other ways of financing.

Preferential Policies Applicable

Enterprises can enjoy the Preferential Policies for Admission to Yuanjiang Industrial Park. Eligible enterprises can also enjoy the Several Preferential Policies for Investment Attraction in Key Industries in Yuanjiang (YF[2017] No. 5).

Market Prediction (Analysis)

Influenced by the Oil Crisis and other factors in the mid-1970s, Brazil, the United States and other countries began to vigorously develop the industrial ethanol industry. Since then, the scale of global ethanol fuel production and consumption has rapidly increased. At present, compared with the international industrial environment, China's ethanol fuel output reaches about 2.6 million tons, accounting for about 3% of the world's total, showing huge development space. In the future, with the large-scale promotion of ethanol fuel nationwide, the market space of the ethanol fuel industry will be further released. It is estimated that gasoline consumption in China will reach 150 million tons in 2025. If the appending proportion is set as 10%, the demand for ethanol fuel will be about 15 million tons. Currently, China has an annual output of ethanol fuel of 3 million tons, with a demand gap of 12 million tons. China's ethanol fuel industry ushers in broad space for development.

Profit Model and Preliminary Benefit Analysis

After the completion of the project, the revenues will be mainly contributed by industrial ethanol sales, with an average annual profit of RMB 100 million, an average annual income tax of RMB 26.6 million, an average annual net profit of about RMB 80 million, a total return on investment of 12%, and an investment payback period (including the construction period) of 7.4 years.

Risk Analysis

Project risks mainly come from changes in national policies.

Cooperation Pattern

Sole proprietorship, joint venture, cooperation, etc.

Contact Information

Contact Authority: Investment Promotion Bureau of Yuanjiang Hani, Yi and Dai Autonomous County

Contact Person: Mr. Cao

Tel.: 13887749627, 0877-6515336

Fax: 0877-6515336

E-mail: yjxzshzj@126.com

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