tion.芃袁Inthefigurebelow,HAcandethanolpricesareEastChinamarketbasis,whiletheethanolcosttrendcurveisplottedusingthebefore-Y1.3/Nm3.hanolcostandtheprojecteconomyinfactdependsonthedifferencebetweenHAcandethanolprice.ForaHAcproducer,profitmarginisbiggerthanwhatshowninthefigurebecauseHAcproductioncostshallbelowerthanthemarketprice.莆薅Capitalinvestmentofa200kt/aethanolplant,builtbyHenanShundaChemicalTechnologyCoLtdbasedonSWRCHEMHAcesterification/Y588mn.ordingly.羅蚀TothebeliefofASIACHEM,thesignificanceofHAchydrogenationtoethanolprocesstoanin-panyistoopenaproductorientationofextremepotentialwithquitelimitedcapitalinvestment.WhenHAcmarketshowsbettermargin,loadrateofethanolunitcanbereducedandoutputmoreHAcfordirectsales,andviceversa.Projecteconomyissecuredbycontrollablecostofself-producedHAcandhydrogen.
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