EPC contract for the Xinxiangyun Phosphorus-based New Materials project in Wuxue City, Hubei Province signed

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Recently, China Five Rings Engineering Co., Ltd., a subsidiary of Sinochem, and Hubei Xinxiangyun New Materials Co., Ltd. successfully signed an EPC contract for the entire plant’s utility systems, as well as for facilities for producing 1.8 million tons per year of phosphorus-based new materials, 100,000 tons per year of potassium dihydrogen phosphate, 100,000 tons per year of mid-grade flame-retardant materials, 150,000 tons per year of battery-grade ammonium phosphate, and 200,000 tons per year of multi-element acidic fertilizers designed for specific agricultural uses. The Xinxiangyun phosphorus-based new materials project covers an area of about 2,000 mu, with the first phase expected to be completed and put into operation by the end of 2024. Based on phosphate rock, sulfur, and pyrite as raw materials, this project produces bulk products such as compound fertilizers, as well as new materials like iron phosphate and high-performance flame retardants. Meanwhile, the phosphogypsum generated is utilized comprehensively, thereby enabling the hierarchical use of wet-process phosphoric acid and maximizing the added value of the products. Once the project is completed and put into operation, it will generate an output value of 10 billion yuan and create 1,177 new job opportunities, bringing significant economic and social benefits. Xiangyun Group has a long history of cooperation with China Five Rings, and a deep friendship has been established between the two parties. This project represents a significant strategic move by Xiangyun Group as it shifts from serving modern agriculture to engaging in modern chemical industry activities. The company will make full use of its geographical advantages and those associated with its industrial chain, seizing this opportunity to complement China Five Rings’ extensive engineering experience and technical expertise. This will enable more efficient and sustainable utilization of resources. It is hoped that both project teams will organize their efforts carefully, leverage their strengths, work together, and create high-quality projects to achieve mutual success. The Xinxiangyun phosphorus-based new materials project is an important decision by Xiangyun Group to actively implement the \"dual carbon\" strategy in the face of new circumstances and a transformed market landscape. The company will leverage its strengths across the entire value chain, including research and development, investment, design, construction, and operation, to fulfill its commitments with high quality. It aims to create a top-tier demonstration project in the domestic phosphorus-based new materials industry, thereby contributing to the high-quality development of this sector. The Xinxiangyun phosphorus-based new materials project is jointly funded and constructed by China Wuhuan Engineering Co., Ltd. and Hubei Xiangyun (Group) Chemical Co., Ltd. The project covers an area of approximately 2,000 mu, with the first phase expected to be completed and put into operation by the end of 2024. Based on phosphate rock, sulfur, and pyrite as raw materials, this project produces bulk products such as compound fertilizers, as well as new materials like iron phosphate and high-performance flame retardants. Meanwhile, the phosphogypsum generated is utilized comprehensively, thereby enabling the hierarchical use of wet-process phosphoric acid and maximizing the added value of the products. Once the project is completed and put into operation, it will generate an output value of 10 billion yuan and create 1,177 new job opportunities, bringing significant economic and social benefits. The Xinxiangyun phosphorus-based new materials project is jointly funded and constructed by China Wuhuan Engineering Co., Ltd. and Hubei Xiangyun (Group) Chemical Co., Ltd. The project covers an area of approximately 2,000 mu, with the first phase expected to be completed and put into operation by the end of 2024. Based on phosphate rock, sulfur, and pyrite as raw materials, this project produces bulk products such as compound fertilizers, as well as new materials like iron phosphate and high-performance flame retardants. Meanwhile, the phosphogypsum generated is utilized comprehensively, thereby enabling the hierarchical use of wet-process phosphoric acid and maximizing the added value of the products. Once the project is completed and put into operation, it will generate an output value of 10 billion yuan and create 1,177 new job opportunities, bringing significant economic and social benefits.