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Transfer of Assets from the Old Plant Site of Henan Jinkai Chemical Investment Holding Group Co., Ltd. Author/Source: Gasification World Date: October 22, 2021 Clicks: 23 Basic Information on the Project Project Name: Assets from the old plant site of Henan Jinkai Chemical Investment Holding Group Co., Ltd. Project Number: 21WZ20210169 Minimum Transfer Price: RMB 299,546,376 yuan (excluding taxes) Deposit: RMB 90 million Starting and Ending Dates for the Auction: October 19, 2021, to November 15, 2021 Contact Person for Project Inquiries: Mr. Zhang, 15135128318 Project Background In accordance with the relevant regulations issued by Henan Province regarding the relocation and renovation of hazardous chemical manufacturing enterprises in densely populated areas, one of the subsidiaries of Henan Jinkai Chemical Investment Holding Group Co., Ltd. (referred to as Jinkai Group) was included in Kaifeng City’s list of key enterprises subject to relocation and renovation. Jinkai Group has actively complied with these requirements, and its subsidiary has ceased all operations. On October 19, 2021, the assets related to Jin Kai Group’s 640,000 tons per year production capacity for alcohols, ammonia, urea, nitric acid, and ** were put up for public sale at the Shanxi Province Property Rights Trading Market Co., Ltd. Qualifications for acquisition: 1. The intended acquirer must be a legal entity that is registered in accordance with the law and is in lawful operation. 2. Possess the following qualifications: General contracting grade 1 or above for petrochemical engineering construction, general contracting grade 1 or above for mechanical and electrical engineering construction, professional contracting grade 3 or above for environmental protection engineering, professional contracting grade 2 or above for lifting equipment installation engineering, and qualification for pressure pipeline installation (including industrial pipelines of categories GC and GC1). Permits for the recycling of waste materials and permits for handling hazardous waste; the approved categories for handling hazardous waste should include HW08, HW36, HW46, HW49, HW50, etc., and the approved methods of handling such waste should include collection, storage, and disposal. 3. This project accepts applications from consortia, with no more than three members per consortium. For specific requirements, please refer to the “Special Notes” section of the project announcement. Requirements for asset delivery: 1. The asset breakdown list for this project is for reference only; the assets shall be transferred and handed over based on their actual condition. 2. After the project is finalized, the transferee shall pay the transferor a contract performance bond of 50 million RMB. A one-time payment shall be made in cash before the project recipient enters the site to carry out the demolition work. 3. The factory buildings, structures, trestles, pipe galleries, pipelines, equipment foundations, stair platforms, guardrails, ladders, floors, roads, railways, walls, ponds, cooling towers, cable trenches, water film dust removal towers, boiler chimneys, 500-ton reverse osmosis units, briquette production units, etc. involved in this project (**assets to be stored**) are not included in the scope of this disposal. 4. During the demolition and cleanup process, the transferee shall bear the costs related to on-site coordination, accommodation, utilities, demolition, disposal, loading and unloading, transportation, waste removal, and landfilling. The transferee is also responsible for handling the relevant procedures with departments such as those in charge of environmental protection, urban management, sanitation, and traffic control. During the aforementioned construction process, the transferee shall be responsible for all costs incurred, as well as for safety, environmental protection, and fire prevention obligations. 5. The transferee must carry out the demolition and removal work in compliance with ** and the relevant laws and regulations applicable to the location of the property, as well as the requirements set by the transferor; it is not permitted to damage any surrounding equipment, the environment, underground utility networks, or other production and public facilities that are not part of the scope of this transfer. 6. The transfer fee for this project shall be paid in a lump sum, while the target assets will be handed over in batches. It is expected that all tasks related to the transfer, removal, disposal, and site leveling of the assets will be completed by the end of December 2022; details are specified in the \"Safety, Environmental Protection, and Demolition Agreement\". 7. The transferee must provide detailed construction plans, safety measures, and environmental protection disposal plans, which must be approved by the transferor before construction work can commence.