Project Unit : Tianjin University

1. Total estimated Investment : 210.oo million yuan

2. Terms of Investment : Joint venture

3. Ratio of the Investment : 50% by Chinese, 50 % by Foreign

4. The Estimated Term of Investment Reclaim : 3 years

5. Contact Address:

6. Contact Person : Xu Tong-bin

7. Tel : 022-27406585

8. Fax : 022-27401825

Market Prospect :

Di-phenol A is main raw material for producing synthetic materials such as poly-carbanate, epoxy resin and poly sulphone. With the development of poly carbonate industry of our county, especially the development of optical poly carbonate industry which is needed by information industry, the demand on the Di-phenol A will increase in a large scale. At present, the annual demand on Di-phenol A is about 100,000 tons a year. However, only each of Tianjin and Wuxi in China can produce 10,000 tons a year. The project is to produce 60,000 tons a year with an investment of 210 million yuan. Than, 120 million yuan of tax and profit will be increased every year.

A Survey of the Chinese Partner

It intends to set up an incorporated enterprise by investors both from home and abroad. Tianjin Petroleum and Chemical Technical Development Center will be a unit, which will provide techniques and research and development. Meanwhile, the unit will be affiliated to The research and development units led by China Petroleum and Chemical Group Company and Tianjin University. In Di-phenol sector, its techniques will be in leading place and at present it has one set of 10,000 ton-class production installation and a fixed assets of 100 million yuan.