The signing of the denatured fuel methanol Cooperation Agreement
Source: Internet
Author: User
KeywordsSigned
Red Days (600227) Bulletin, August 26, 2010, the company's wholly-owned subsidiary of Guizhou Golden Red Chemical Co., Ltd. and Guizhou Dongfanghong New Energy Co., Ltd signed the "on the modified fuel methanol cooperation framework agreement." According to the agreement, Kinch company in accordance with the national standards of quality, quantity of the supply of Guizhou Dongfanghong high quality methanol, and responsible for methanol and denatured alcohol transport. The supply price of methanol is determined by Kinch company's production cost plus reasonable profit, and keeps the price relatively stable. Kinch company principle agreed with the Dongfanghong set up a joint venture company to produce denatured alcohol, to promote the operation of methanol diesel, and as a prerequisite for the joint venture company's M10 automotive methanol diesel and industrial M30 methanol diesel facilities for the construction of the site. Dongfanghong is committed to the production of denatured alcohol in Zunyi, the promotion, operation of M15 methanol gasoline required for all from the Kinch company to buy. The announcement shows that Kinch company is a wholly-owned investment company and holds a 100% per cent stake in the company. Kinch Chemical has 300,000 tons/year ammonia, 520,000 tons/year urea, 300,000 tons/year methanol production capacity, Guizhou Province is the key project, but also a new type of coal chemical industry demonstration project in Guizhou Province, with better technical and resource advantages. The project is currently in the equipment installation phase, the end of the year is expected to complete the installation of all equipment, 2011-year first quarter into commissioning and commissioning phase. Guizhou Dongfanghong is a new Energy application technology Research Institute in Beijing. Its strategic partners include: National Industrial Productivity Promotion Center, National alcohol ether fuel and alcohol ether Clean Automobile Committee, Jiangsu Province Coal Engineering Design Institute, China Petroleum University, etc.
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