Nearly six years of waiting, finally Hainan Coconut Island cassava ethanol project saw the light .
February 12 , Hainan Coconut Island announcement that the company was cassava fuel ethanol project approved, the message directly to its share price marked daily limit . Due to the high non- food raw materials, state subsidies , Hainan Coconut Island this project widely favored by the market .
" Prevention of air pollution, renewable energy projects to be respected, but in each of the main interests of the game affect the company's results for cassava ethanol whether as icing on the cake , this watch variables still larger ." A brokerage industry analyst told the " Daily Economic News "reporter.
Cassava Ethanol has the whole industry chain /
July 2008 , Hainan Coconut Island Board considered and approved "on the implementation of the" 100,000 tons of fuel ethanol project " resolution ", the company plans to build cassava ethanol production co- investment project with Sinopec , the company accounted for 60 % of the interest in the future of ethanol projects sales Sinopec will use the channel . The project since June 2008 had been reported to the NDRC .
Nearly six years of waiting, finally released yesterday Hainan Coconut Island cassava ethanol project approved notice . It is reported that the total investment of 430.18 million yuan , of which 215.09 million yuan capital projects , 50% of the total investment. The project consists of Hainan Coconut Island joint venture with Sinopec , which accounted for 70% of Hainan Coconut Island registered capital , Sinopec accounted for 30 %.
Hainan Coconut Island , said the preparatory work ethanol projects ( including land for the project , partner communication, environmental technology , raw material supply, etc. ) is moving forward steadily , the company will be in accordance with the National Development and Reform Commission and the Hainan Provincial Office of Industry and Information Technology requirements, improve the relevant procedures for the preliminary work , and strive to 2014 projects under construction.
Comprehensive variety of public information , the project is close to the petrochemical base , will be directly sent to the petrochemical pipeline storage tank ; , and through cooperation with Sinopec , Sinopec lot of steam energy supplies without building boiler room , it will save a lot of investment in fixed assets .
Countries with respect to grain ethanol, cassava ethanol are 1.5 generation ethanol , and enjoy higher subsidies in the energy crisis and air pollution control increasingly grim backdrop , the above items Hainan Coconut Island has been a strong bullish market . At the same time , an adequate supply of raw cassava , except Hainan surrounding plantations, the company still 4,498 hectares of land in Laos carried cassava cultivation and processing .Wholesale masking tape
Upstream control of raw materials, downstream sales channels shared with Sinopec Hainan Coconut Island cassava ethanol industry chain is complete .
The results contribute to the size of the remaining variables
Hainan Coconut Island 's main business includes liquor , trade, starch , food and beverage , real estate , etc. , where the wine industry is the company's leading industry, in 2012 the proportion of the wine business revenue reached 32.62% . 100,000 tons of cassava ethanol project , the company will bring a huge imagination.Masking tape
From the development of bioethanol see a generation bioethanol fermentation mainly refers to grain ethanol , such as corn and other food crops ; 1.5 -generation mainly refers to cassava, sugar cane and other non-food crops ; 2 generation was mainly cellulosic ethanol production and other raw materials .
State subsidies for bio- fuel ethanol , the 2012 standard are: grain as raw material for fuel ethanol , subsidies of 500 yuan / ton ; cassava and other non- food crops as feedstock for fuel ethanol , subsidies of 750 yuan / ton.Washi tape
Grain prices in recent years , the cost of corn production of fuel ethanol remains high, there are industry estimates , compared with corn-based ethanol , the cost per ton of cassava ethanol is lower from 1800 to 2460 yuan , so the highly subsidized , low-cost case Next , cassava ethanol respected by the market .
A brokerage industry analyst told the " Daily Economic News" reporter , project operation Lucida bio fuel ethanol , COFCO is not ideal . " Hainan Coconut Island ethanol project depends primarily on whether the money cassava production and raw material prices and energy utilization on the project ."
Dragon force biological example, the company is a two -generation cellulosic ethanol has more advantages than a generation , 1.5 generation, but 50,000 tons of production capacity utilization also about half. " The analyst pointed out , by the depreciation , the impact of fixed costs , capacity utilization must reach a certain level, the project was profitable , low capacity utilization was mainly dragged down by all the main game .Masking tape
The analyst said that in the operational aspects , companies will only sell alcohol in the petroleum, petrochemical, confirmed the supply of " barrels of oil" , according to the central government subsidies to confirm availability . Currently, the use of ethanol fuel only in a certain geographical area , but due to refining companies are generally large taxpayer , and the supply of ethanol gasoline refining enterprises will affect the income of local taxes and then compressed , so the local government at the local promotion of ethanol and gasoline when not positive, even obstacles ( such as setting more stringent regulatory conditions ) ; plus ethanol fuel itself and the technical characteristics of sporadic quality issues , the promotion of ethanol gasoline has been more difficult , and ultimately leading to low capacity utilization of ethanol projects . Hainan Coconut Island cassava ethanol project , is also facing such variables.
In order to understand more details of cassava ethanol project yesterday, the "Daily Economic News" reporter called Hainan Coconut Island Securities Office , but the phone has been in a busy state.Wholesale masking tape
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