China, a Reassessment of the Economy

TABLE B-4.-PETROLEUM REFINING, PETROCHEMICAL, AND SYNTHETIC FIBRE PLANTS-Continued

Synthetic fiber plant-Capacity: NA..
Acetic acid plant-Capacity: NA.
Ethylene and polyvinyl alcohol (poval).
plant-Capacity: 120,000 MT/yr,
Technology: Lummus/Nippon-Zeon;
ethylene plant has hydrogenation
unit for oil cracking; plant uses kero-
sene, diesel, other type oils instead
of naphtha.

Ethylene vinyl acetate plant (1)
Capacity: 66,000 MT/yr.
Polyvinylacohol (poval) plant (1)-Ca-
pacity: 33,000 MT/yr; Technology:
Bayer & Kuraray.

Synthetic fibre plant complex-Acrylo-
nitrile plant-Capacity: 50,000 MT/
yr; Acetonitrile plant-Capacity:
1,000 MT/yr: Cyanic acid plant-
Capacity: 5,000 MT/yr; Waste-water
treatment plant-Technology: Asahi/
Sohio Contract provides for supply of
Sohio Catalyst 41 for new plants. Will
give PRC one of world's most modern
waste-reducing techniques, increas-
ing production 40-50 percent over
earlier generation catalysts.

Japan: Toray Industries.
Japan: Kaisha.
Japan: Mitsubishi Petrochem; Mitsu-
bishi Heavy Ind., Mitsubishi Corp.;
Western Japan Trading; United
States: Lummus.

Financing: Japanese Ex-Im/Commercial Bank. 30 percent down
payment; 70 percent in 10 semiannual installments (in
yuan) over 5 years at 6 percent per year beginning after final
shipment. Bayer receiving lump sum payment directly from
PRC. (In 1963 Kuraray sold PRC a vinylon plant with capacity
of 11,000 MT/yr. Terms were 25 percent down, 6 percent per
year for 5 years with export restriction imposed on PRC for
10 years after startup.)
Not including license fee. Financing: Japanese Ex-Im bank.
Semiannual installments over 5 years at 6 percent per year
in yuan. Extra payment by PRC of US $8,000,000 direct to
Sohio, channeled through Japanese Bank; 7 installments over
5 years; first payment due 60 days after contract is approved
by Japanese Government, followed by payments in August-
September 1973 and 4 annual payments 1974-77, adjusted
to inflation. PRC bought process, license, and plant as single
unit; license does not call for free exchange of future im-
provements in Sohio technology. PRC may export plant's
output.
Training: Asahi responsible for training Chinese engineers in
Japan. No Sohio engineers involved in setting up plant or
its operation.

France: Speichem, Lurgi Virg.; L'Aire May 1973..
Liquide; Rhone-Poulenc; United King-

1974-76

dom: Humphrey & Glasgow West; Ger-
many: Badische Anilin und Soda
Fabrik (BASF).

technology. indicated as end-use.
90.0 including Probably deferred payments over 5 years. Synthetic fibers

gas). 90,000 MT/yr; (Derived from natural Vinyl acetate plant (1) Capacity:

Methanol plant (1) Capacity: 300
MT/day; Technology: Plant uses
residual gas from acetylene produc-
tion; will employ ICI low pressure
synthesis method and an Onia cata-
lytic particle oxidation process
Paris.
licensed by P.E.C. Engineering of
60,000 MT/yr; Technology: Based on
improved version of high pressure
Polyethylene plant (1) Capacity:
Germany.
process (BASF) imported from West
30,000 MT/yr; technology: Uhde &
Hoechst; location: Near Shanghai.
Acetaldehyde plant (1) Capacity:
low density) Capacity: 180,000 MT/
yr; technology: Based on improved
Polyethylene plant (1) (High pressure,
version of ICI process.
plex (16 of 18 units) Capacity:
initial, 500,000 MT/yr; full, 2 million
Petrochemical and synthetic-fiber com-
MT/yr; location, 50 km south of