Project for Annual Output of 30,000 Tons of Carbon Dioxide Degradable Plastics
1. Project name: Annual output of 30,000 tons of carbon dioxide degradable plastics
2. Production scale: 30,000 tons
3. Main raw materials:Carbon dioxide, Epoxy propane
4. Market prospect: The global consumption of degradable plastics was about 2,000,000 tons in 2010, degradable plastics will have a rapid development in subsequent 5 to 10 years, the global demand of degradable plastics will be more than 3,000,000 tons in 2015 and 20,000,000 tons in 2020, the domestic demand of degradable plastics will be more than 2,000,000 tons in 2020, so degradable plastics has a very broad market prospect.
5. Application: Carbon dioxide degradable plastic is one of the biodegradable plastics, which can be degraded in natural environment. It's commonly used in disposable packing materials, tableware, preservative material, disposable medical material, mulch film, etc.
6. Analysis on expected economic benefits:
(1) The investment in project construction will be 25.859 million yuan and the total investment will be 26.001 million yuan.
(2) The annual sales revenue will be 47.268 million yuan, with annual profit taxes of 6.5268 million yuan when the project will reach its design capacity. The investment profit rate will be 22.46% and the investment recovery period of 5.9 years (including construction period 1.5 years) for the project.。