Project Evaluation Of Conversion Of200,000Tons/Year Olefins Equipment In Beijing Yanshan Company

Yanshan Company was founded thirty years ago, under the support of the Beijing Municipal People’s Government and China Petrochemical. Its production and management has made great achievements, with a total181.7million tons of crude oil,8.9million tons of ethylene production and10.31million tons of synthetic resin,1.94million tons of synthetic rubber.And its total sales revenue is more than2400billion yuan,which made a significant contribution to the national economy.The paper used the theory of investment project evaluation, evaluting Yanshan Branch of200,000tons/year of olefins economic feasibility of conversion.Firstly, it makes an introduction of the background, including the construction background, the significance and necessity. Secondly, it describes the contents and common evaluation method on project evaluation. Then, it analyses and predicts the supply and demand situation on the raw materials market, and put up the proposal.Meanwhile, it estimates the amount of investment,financial indexes and uncertainty. Finally, it makes a comment on the economic social profits by using the theory and methods of project evaluating. Moreover,it draws a conclusion that the project is technically advanced and economically viable, and it can promot the sustainable development of the local economy, society and environment practically...