SALES CONTRACT OF INDUSTRIAL PRODUCTS

                                                                   Exhibit 10.11

                      SALES CONTRACT OF INDUSTRIAL PRODUCTS
                      -------------------------------------
                                                                       NO.: 03007
                                                               SIGNED AT: Tai'an
                                                          DATE: January 10, 2003

This contract is made and entered into by and between   Shandong Shengda Chemical
Machinery Co., Ltd (hereinafter   referred to as the Seller) and Shandong Shengda
Chemical   Co., Ltd   (hereinafter   referred to as the Buyer);   whereby the Seller
agree   to sell   and the   Buyer   agree   to buy the   commodity   mentioned   in this
contract subject to the terms and conditions stipulated below:

Article 1: Object, Quantity, Price and Date of Delivery

NAME OF COMMODITY: Methanol Reclaiming Tank

UNIT: PIECE

QUANTITY: Two

UNIT PRICE: RMB 305,238.64 yuan

TOTAL AMOUNT:   RMB   610,477.28   (six hundred and ten thousand,   four hundred and
seventy-seven point two eight) yuan

DATE OF DELIVERY: February 10, 2003

Article 2: QUALITY STANDARD

The seller will manufacture the objects according to the National   Standards and
the drawing sheet provided by the Buyer.

Article 3: TERMS AND TIME LIMIT OF QUALITY   ASSURANCE   OF THE SELLER:   1 Year of
Quality Warranty

Article 4: TITLE T