Brief Profiles Of Investment Projects
For China's Agenda 21

 

Title Cleaner Production of Nitric Acid
Type Modernisation of technology
Description   
The existing atmospheric pressure method of the production of 50,000 t/a nitric acid will be replaced by the advanced pressurisation technique by the end of 2000 and all of the synthetic ammonia production equipment will be replaced by the year 2010 at the Baoqing Chemical Plant of Shaoyang city, Hunan province.
Rationale   
The implementation of the project will greatly decrease the emission of waste gas, such as NOX, save resources and energy and decrease the area required for installation of equipment. The new equipment is easier to operate, more efficient and reduces considerably the emissions of environmental pollutants.
Products   
HNO2 density: 98%; capacity: 50,000 t/a
Location Shaoyang city, Hunan province
Available Information Project Description
Total Investment (US$)

21.5 million

Foreign Currency (US$)

  

Financing

Co-operation Sought

Total Equity (US$)

3.2 million

  
Of which Equity Foreign Partner (US$)   

Joint Venture

Loan (US$)

18.3 million

Co-operation

Others(specify) (US$)      
Indicators of Viability

IRR: 16.2%

Payback Period: 6.2 years

INFORMATION ON SPONSOR

Name Nunan Baoqing Chemical Plant Tel +86-739-5270341
Address Shaoyang city, Hunan province Fax   
Annual turnover(US$) 1993 2.3 million 1994 2.8 million 1995 4.6 million
Year of Establishment 1965 No. of Employees 1002 Ownership State
Fixed Assets (US$) 6.7 million Registered Capital (US$) 783,000
Land (ha.) 18 Building (m*m) 45000 Equipment (US$) 3.5 million

 


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