Project Name: High-grade edible oil deep processing project
Release Date: 18th July, 2018
Investment Mode: Joint venture, Sole proprietorship
Industry: Manufacturing, Food manufacturing
Location: Gansu Province, Jinchang City
Project validity period: One year
Total amount of project capitals: 80 million US dollars

Edible Oil

Project Description:
Flax, also known as flax, has higher oil content than other oil crops, generally more than 39%. The produced flax oil is a green food with a unique flavor, rich aroma and clear oil. It is a high-grade edible oil. The international medical community and the nutrition community recognize that it has the functions of increasing intelligence, protecting vision, lowering blood fat and cholesterol, delaying aging, anti-allergy, and inhibiting the occurrence and metastasis of cancer cells. With the increasing living standards of the people, the purchasing power of consumers continues to increase, and the proportion of vegetable oil consumption will increase. At present, the consumption of high-grade edible oil in large and medium-sized cities across the country has accounted for 30% of the total consumption of edible oil, and has increased by 10% per year. According to the state’s plan for the edible oil market, in the next five years, bulk secondary oil will gradually withdraw from the market and turn to high-grade edible oil.

At present, the domestic advanced edible oil production capacity is 800,000 tons per year, while the total demand is 7 million tons, and the difference is nearly 90%. The consumption of vegetable oil is increasing year by year, the market potential is huge, and the development prospect is broad. The project will build a large-scale edible oil processing plant with an annual output of 10,000 tons. New plant 1,500 square meters; raw material warehouse 1500 square meters, finished product warehouse 1000 square meters; office administrative room and physical and chemical testing laboratory 800 square meters, living room 500 square meters and production and living facilities; equipment purchase with screening machine, transportation Machine, press, etc.

Information Source: Ministry of Commerce Public Services