Type of Project: Chemical Industry

Name of Project:

Project of Producing Refined Lactic Acid  By Utilizing New Technology

Project Content: Plan to produce RDL lactic acid (refined lactic acid) of 1000 tons each year by adopting esterification process.

Construction Condition: RDL lactic acid (refined lactic acid) is applied in food, drink, cigarette and other industries. It can also be used as raw material in medicine such as medical moderator, operation suture and artificial bone. Due to no other manufacturer in China, this project enjoys a bright future.

Investment & Composition: Total investment amounts to US$ 1.94 million, of which, the fixed assets account for US$ 1.35 million and working capital for US$ 0.59 million. Plan to introduce US$ 1 million of foreign investment.

Economic Benefit Evaluation: Annual sales volume of US$ 2.18 million, profit and tax of US$ 0.6 million.

Project Status: The feasibility study has been finished and the equipment required have been already ordered.

Mode of Cooperation: Joint venture or cooperation.

Introduction to Sponsor: Xiaogan Yafeng Bio-chemical Co. Ltd. The main products are very popular over domestic market and have been exported to many countries.