The projects adopts a kind of high quality and high yield rapeseed which contents low erucic acid and low thioglucose. It is being gradually popularized and will replace ordinary rapeseed in planting. The further processing and utilizing of its dregs will fill the technology vacancy in China. 2. Content and Scale To import one set of protein separating equipment and one set of compound amino acid equipment respectively; to reform salad oil production workshop of 2,000m2. The annual output for high grade salad oil will be of 7,631 tons, protein of 17,809 tons and compound amino acid of 1,600 tons. 3. Market Analysis China is in short supply of protein and amino acid. We have depended on importing for a long time. While at the same time, the demand for protein and amino acid in fodder, food, medical, cosmetic industries and other areas have been increasing. The cost of extracting protein and amino acid from rapeseed dregs is very low. And the quality of the products can achieve international standard, so they can be used to replace the imported ones. There is a great potential market for them. 4. Technological and Equipment Planning The technology adopted in the project is the researching result of the Oil Crops Research Institute of China Agricultural Science and Technology Academy. It has passed the mid-term appraisal in 1998. The technology has filled the vacancy domestically and it is the most up-to-date technology nowadays. 5. Investment Estimation Total investment is 72.1723 million yuan, including construction investment of 66.0153 million yuan and initial current assets of 6.157 million yuan. 27.7723 million yuan will be raised by the enterprise itself. 44.4 million yuan will be applied for loan or asked for investment. 6. Economic and Social Benefits Analysis The input and output ratio for further processing every one ton of rapeseed dregs is 1:8. The economic profits are remarkable. 7. Process of the project Both Anhui Provincial Planning Commission and Hefei Municipal Planning Commission has approved the project and its feasibility study report. It is planned to buy the former Hefei Yongkang Oil Co. Ltd. through the mode of annexing. The existing factory buildings and equipment of the company will be reformed. The project will be put into operation at the end of 2000. 8. Mode of Cooperation Shareholding, joint venture or cooperation 9. Brief Introduction of the Undertaking Unit Hefei Dongyin Economic Development Co. Ltd. was established in 1995 and now owes fixed assets of 85 million yuan. Its operation scope covers further processing and selling of agricultural by-products. It also involves in comprehensively developing green food. 10. Contact Name of the enterprise: Hefei Dongyin Economic Development Co. Ltd. Address: No.65 Luan Road, Hefei City, Anhui Province Legal person representative: Li Jiancheng Person to contact: Liu Qiang P.C.: 230001 Tel: 0551-2613396 Fax: 0551-3609302 |