On March 9th, Sinochem Corporation and the Ningxia Hui Autonomous Region People's Government signed a strategic cooperation framework agreement for the largest nitrogen fertilizer production base in Beijing. The two parties will invest in the Ningdong energy and chemical base to build an annual output of 2 million tons of synthetic ammonia and 3.2 million tons of urea production projects. After the project is completed, it will become one of the largest nitrogen fertilizer producers in the world.
According to the agreement, Sinochem Group will invest 16 billion yuan in the Ningdong Base across Yinchuan City and Wuzhong City. It will build four sets of urea production equipment with an annual output of 500,000 tons of synthetic ammonia and 800,000 tons of urea in two phases in five years. With an annual output of 2 million tons of synthetic ammonia and 3.2 million tons of urea production capacity. At the same time, Sinochem Group will further develop coal chemical products based on technological development, strive to form a large-scale modern coal chemical base with an annual sales income of more than 12 billion yuan, and form a basis for the existing nitrogen fertilizer production bases in Northeast and North China. Northwest, North China, Northeast three major production bases. Through the above operations, the Sinochem Group's industrial layout will be further improved. The scale of nitrogen fertilizer production will reach 5.4 million tons per year, making it one of the largest nitrogen fertilizer producers in the world.
It is understood that in order to ensure the realization of the expected development goals, the project needs to allocate 1.05 billion tons of coal resources, water resources of 57 million cubic meters per year, and 350 hectares of land resources. The Ningdong region is rich in advantageous resources such as coal, water, and land. The proved reserves of the coalfield are 27.3 billion tons, which is an extremely large-scale coal field. The first phase of the Ningdong water supply project has been completed, and the water supply capacity is 400,000 cubic meters per day. Wang Zhengwei, chairman of the Ningxia Hui Autonomous Region Government, promised to provide priority support and preferential policies in the areas of coal resources, water resources, land use, and electricity needed for project construction.
The project will use local pulverized coal as raw materials, and adopt advanced, mature, clean, environmentally-friendly and resource-efficient coal chemical technology, so that the cost competitiveness of urea products will enter the forefront of the domestic industry. Liu Deshu, president of Sinochem Group, stated that during the construction and operation of the project, the company will effectively fulfill its social responsibilities and do a good job in the greening and environmental protection of the wasteland and wilderness.
Sinochem Group introduced that the current nitrogen fertilizer industry structure in China is irrational, with SMEs accounting for the majority and the overall market competitiveness is not strong. The construction of the project is in line with the direction of the national industrial policy and will help promote the nitrogen fertilizer industry to replace backward production capacity and achieve structural adjustment and industrial upgrading. After the agreement is signed, Sinochem Group will immediately carry out pre-project work and strive to start construction as soon as possible.
According to the agreement, Sinochem Group will invest 16 billion yuan in the Ningdong Base across Yinchuan City and Wuzhong City. It will build four sets of urea production equipment with an annual output of 500,000 tons of synthetic ammonia and 800,000 tons of urea in two phases in five years. With an annual output of 2 million tons of synthetic ammonia and 3.2 million tons of urea production capacity. At the same time, Sinochem Group will further develop coal chemical products based on technological development, strive to form a large-scale modern coal chemical base with an annual sales income of more than 12 billion yuan, and form a basis for the existing nitrogen fertilizer production bases in Northeast and North China. Northwest, North China, Northeast three major production bases. Through the above operations, the Sinochem Group's industrial layout will be further improved. The scale of nitrogen fertilizer production will reach 5.4 million tons per year, making it one of the largest nitrogen fertilizer producers in the world.
It is understood that in order to ensure the realization of the expected development goals, the project needs to allocate 1.05 billion tons of coal resources, water resources of 57 million cubic meters per year, and 350 hectares of land resources. The Ningdong region is rich in advantageous resources such as coal, water, and land. The proved reserves of the coalfield are 27.3 billion tons, which is an extremely large-scale coal field. The first phase of the Ningdong water supply project has been completed, and the water supply capacity is 400,000 cubic meters per day. Wang Zhengwei, chairman of the Ningxia Hui Autonomous Region Government, promised to provide priority support and preferential policies in the areas of coal resources, water resources, land use, and electricity needed for project construction.
The project will use local pulverized coal as raw materials, and adopt advanced, mature, clean, environmentally-friendly and resource-efficient coal chemical technology, so that the cost competitiveness of urea products will enter the forefront of the domestic industry. Liu Deshu, president of Sinochem Group, stated that during the construction and operation of the project, the company will effectively fulfill its social responsibilities and do a good job in the greening and environmental protection of the wasteland and wilderness.
Sinochem Group introduced that the current nitrogen fertilizer industry structure in China is irrational, with SMEs accounting for the majority and the overall market competitiveness is not strong. The construction of the project is in line with the direction of the national industrial policy and will help promote the nitrogen fertilizer industry to replace backward production capacity and achieve structural adjustment and industrial upgrading. After the agreement is signed, Sinochem Group will immediately carry out pre-project work and strive to start construction as soon as possible.
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