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Hubei Riyue Oil Co.,Ltd is a large-scale joint venture invested by Jingmen Yushu oil Co.,Ltd and Zhejiang Kailing Group and mainly engaged in edible oil processing.The registered capital of the Corp.is RMB 50,800,000.In 2003,the Corp.will set up a production line,which can produce 3000tons/day salad oil to extend the scale of the previous production line.It covers an area of 260mu.The total investment is RMB80 million.The line can process 250,000tons "double low''''rape seed and can produce 100000tons salad oil every year.The annual output will be RMB 580million.The profit and tax will be RMB40 million