China National Chemical Corporation and the People's Government of Ningxia Hui Autonomous Region signed a strategic cooperation framework agreement for the largest nitrogen fertilizer production base in Beijing today (9th). The two sides will invest in the construction of 2 million tons of synthetic ammonia and 3.2 million tons of urea in the Ningdong Energy and Chemical Base on the principle of complementary advantages and common development.
Party Secretary of the Ningxia Hui Autonomous Region Chen Jianguo, Chairman of the Autonomous Regional Government Wang Zhengwei, Party Secretary of the Sinochem Corporation, President Liu Deshu, member of the Sinochem Party Group and Vice President of Sinochem Corporation Han Gensheng attended the signing ceremony. Zhao Xiaoping, Vice Chairman of the Ningxia Hui Autonomous Region Government, members of the Party Group of Sinochem Group, and Du Keping, General Manager of Sinochem Fertilizer Holdings Limited, signed the agreement on behalf of the two parties.
According to the agreement, Sinochem Group invested a total of RMB 16 billion in the Ningdong Base across Yinchuan City and Wuzhong City and will complete a project to produce 2 million tons of synthetic ammonia and 3.2 million tons of urea in two phases. After the project is completed, it will become one of the largest nitrogen fertilizer producers in the world. Sinochem Group will also form three major production bases in the northwest, north, and northeast based on the existing nitrogen fertilizer production bases in northeast and north China, and the industrial layout will be further improved. The nitrogen fertilizer production scale will reach 5.4 million tons/year, and will enter the world's largest nitrogen fertilizer. The ranks of production companies.
Relying on the abundant resources such as coal, water and land in the Ningdong region, and using advanced coal gasification technologies, Sinochem’s industry-leading production management capabilities will be utilized. The cost competitiveness of the Ningdong project's urea products will enter the top 10% of the domestic industry. This will play a positive role in reducing the price of urea products, safeguarding agricultural fertilizers and protecting the interests of farmers.
Although China's nitrogen fertilizer production capacity can fully meet domestic demand, due to irrational industrial structure, small and medium-sized production enterprises account for the majority, and the overall market competitiveness is not strong. The state encourages enterprises with the advantages of resources and technology to replace backward production capacity in a way of “big pressureâ€. The Sinochem Group's coal chemical project is in line with the national industrial policy direction. The construction of the project will help promote the adjustment of the nitrogen fertilizer industry structure and industrial upgrading.
Liu Deshu, president of Sinochem Group, stated that during the construction and operation of the project, it will effectively fulfill its corporate social responsibility, do a good job of greening the deserted land and wasteland, and protect the environment. At the same time, it will provide economic development for Ningxia in terms of labor, employment and project contracting. provide support.
Wang Zhengwei, chairman of the Ningxia Hui Autonomous Region Government, said that Sinochem’s participation in the development and construction of the Ningdong Base will effectively promote the rapid and healthy development of the Ningdong Base and achieve a new leap forward. The government of the Autonomous Region promised to provide priority support and preferential policies in the areas of coal resources, water resources, land use, and electricity needed for Ningdong project construction.
Sinochem Group is a state-owned large-scale backbone enterprise directly under the State Council and has been ranked among Fortune 500 companies for 19 consecutive times. It ranked 170th in 2009. Sinochem has strong capabilities in the five main business areas of agriculture, energy, chemicals, real estate and finance. Sinochem Fertilizer Holdings Co., Ltd. is the flagship agricultural input product under the Sinochem Group. It is the largest chemical fertilizer company in China that integrates supply, marketing, and production, and is responsible for ensuring China’s stable supply of chemical fertilizers and national food security.
Party Secretary of the Ningxia Hui Autonomous Region Chen Jianguo, Chairman of the Autonomous Regional Government Wang Zhengwei, Party Secretary of the Sinochem Corporation, President Liu Deshu, member of the Sinochem Party Group and Vice President of Sinochem Corporation Han Gensheng attended the signing ceremony. Zhao Xiaoping, Vice Chairman of the Ningxia Hui Autonomous Region Government, members of the Party Group of Sinochem Group, and Du Keping, General Manager of Sinochem Fertilizer Holdings Limited, signed the agreement on behalf of the two parties.
According to the agreement, Sinochem Group invested a total of RMB 16 billion in the Ningdong Base across Yinchuan City and Wuzhong City and will complete a project to produce 2 million tons of synthetic ammonia and 3.2 million tons of urea in two phases. After the project is completed, it will become one of the largest nitrogen fertilizer producers in the world. Sinochem Group will also form three major production bases in the northwest, north, and northeast based on the existing nitrogen fertilizer production bases in northeast and north China, and the industrial layout will be further improved. The nitrogen fertilizer production scale will reach 5.4 million tons/year, and will enter the world's largest nitrogen fertilizer. The ranks of production companies.
Relying on the abundant resources such as coal, water and land in the Ningdong region, and using advanced coal gasification technologies, Sinochem’s industry-leading production management capabilities will be utilized. The cost competitiveness of the Ningdong project's urea products will enter the top 10% of the domestic industry. This will play a positive role in reducing the price of urea products, safeguarding agricultural fertilizers and protecting the interests of farmers.
Although China's nitrogen fertilizer production capacity can fully meet domestic demand, due to irrational industrial structure, small and medium-sized production enterprises account for the majority, and the overall market competitiveness is not strong. The state encourages enterprises with the advantages of resources and technology to replace backward production capacity in a way of “big pressureâ€. The Sinochem Group's coal chemical project is in line with the national industrial policy direction. The construction of the project will help promote the adjustment of the nitrogen fertilizer industry structure and industrial upgrading.
Liu Deshu, president of Sinochem Group, stated that during the construction and operation of the project, it will effectively fulfill its corporate social responsibility, do a good job of greening the deserted land and wasteland, and protect the environment. At the same time, it will provide economic development for Ningxia in terms of labor, employment and project contracting. provide support.
Wang Zhengwei, chairman of the Ningxia Hui Autonomous Region Government, said that Sinochem’s participation in the development and construction of the Ningdong Base will effectively promote the rapid and healthy development of the Ningdong Base and achieve a new leap forward. The government of the Autonomous Region promised to provide priority support and preferential policies in the areas of coal resources, water resources, land use, and electricity needed for Ningdong project construction.
Sinochem Group is a state-owned large-scale backbone enterprise directly under the State Council and has been ranked among Fortune 500 companies for 19 consecutive times. It ranked 170th in 2009. Sinochem has strong capabilities in the five main business areas of agriculture, energy, chemicals, real estate and finance. Sinochem Fertilizer Holdings Co., Ltd. is the flagship agricultural input product under the Sinochem Group. It is the largest chemical fertilizer company in China that integrates supply, marketing, and production, and is responsible for ensuring China’s stable supply of chemical fertilizers and national food security.
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