Attached files

file filename
S-1 - REGISTRATION STATEMENT - Keyuan Petrochemicals, Inc.fs1_keyuan.htm
EX-10.16 - EMPLOYMENT AGREEMENT - MINGLIANG LIU - Keyuan Petrochemicals, Inc.fs1ex10xvi_keyuan.htm
EX-10.14 - EMPLOYMENT AGREEMENT - JINGTAO MA - Keyuan Petrochemicals, Inc.fs1ex10xiv_keyuan.htm
EX-10.15 - EMPLOYMENT AGREEMENT - WEIFENG XUE - Keyuan Petrochemicals, Inc.fs1ex10xv_keyuan.htm
EX-10.17 - EMPLOYMENT AGREEMENT - SHIFA WANG - Keyuan Petrochemicals, Inc.fs1ex10xvii_keyuan.htm
EX-10.20 - PLACEMENT AGENT AGREEMENT - Keyuan Petrochemicals, Inc.fs1ex10xx_keyuan.htm
EX-23.2 - CONSENT OF PATRIZIO & ZHOU, LLC - Keyuan Petrochemicals, Inc.fs1ex23ii_keyuan.htm
EX-10.19 - EMPLOYMENT AGREEMENT - AICHUN LI - Keyuan Petrochemicals, Inc.fs1ex10xix_keyuan.htm
EX-10.18 - CONFIDENTIALITY AND NON-COMPETE AGREEMENT -SHIFA WANG - Keyuan Petrochemicals, Inc.fs1ex10xviii_keyuan.htm
EX-10.13 - CONFIDENTIALITY AND NON-COMPETE AGREEMENT - CHUNFENG TAO - Keyuan Petrochemicals, Inc.fs1ex10xiii_keyuan.htm
 Exhibit 5.1
 
 
 Leser, Hunter, Taubman & Taubman
17 State Street, Suite 2000
New York, New York 10004
(212) 732-7184 Fax: (212) 202-6380
E-mail: ltaubman@lhttlaw.com


 
 
May 21, 2010
 
 
KEYUAN PETROCHEMICALSKEYUAN PETROCHEMICALS, INC.
15 Xinghua Road
Qingdao, Shandong Province
P.R. China 266401


Ladies and Gentlemen:

We have acted as counsel to KEYUAN PETROCHEMICALS, INC. a Nevada company (the “Company”), in connection with the preparation and filing with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Act”), of this Registration Statement on Form S-1 (the “Registration Statement”), relating to the proposed sale by the selling shareholders listed therein (the “Selling shareholders”) of 9,939,203 shares of the Company’s common stock (the “Common Stock”).  

In so acting, we have examined and relied upon the originals or copies, certified or otherwise identified to our satisfaction, of such Company records, documents, certificates and other instruments as in our judgment are necessary or appropriate to enable us to render the opinions expressed below. Based upon the foregoing and such examination of law as we have deemed necessary, we are of the opinion that the Common Stock to be offered by the Selling shareholders, when sold under the circumstances contemplated in the Registration Statement, will be legally issued, fully paid and non-assessable.

The opinions we express herein are limited to matters involving the Nevada corporate law and the federal laws of the United States and are further expressly limited to the matters set forth above and we render no opinion, whether by implication or otherwise as to any other matters relating to the Company or the Common Stock.

We consent to the use of this letter as an Exhibit to the Registration Statement and to the use of our name under the heading “Legal Matters” included in the Prospectus forming a part of the Registration Statement.

Sincerely,

Leser Hunter Taubman & Taubman


By: /s/ Louis E. Taubman
Louis E. Taubman, Partner