Linggu Chemical Group Co., Ltd. invested 850 million yuan in a technical upgrade project aimed at producing 550,000 tons of synthetic ammonia and 1.3 million tons of urea aqueous solution per year

Thread Content

Linggu Chemical Group Co., Ltd. invested 850 million yuan in a technical upgrade project aimed at producing 550,000 tons of synthetic ammonia and 1.3 million tons of urea aqueous solution per year. Author/Source: Yixing Daily; Date: 2020-01-30; Clicks: 761. On the morning of October 17, 2019, the Yixing Economic and Technological Development Zone (Qiting Sub-district and Fangqiao Sub-district) held a ceremony to launch key projects, showcasing the zone’s latest achievements in focusing on project development, attracting investment, and expanding international cooperation. Among the key projects to be launched on a centralized basis is the clean energy (hydrogen) industrial park project, with a total investment of 5 billion yuan. This project is funded by **Dian Tou Group**, **Dian Tou Group Jiangsu Electric Power Co., Ltd., Yin Huan Group Co., Ltd., Linggu Chemical Group Co., Ltd., and Shanghai Hydroxion Information Technology Co., Ltd.** The total planned area for this project is 400 mu, and it will be developed in three phases. The main components include the construction of a 40MW distributed wind power project, hydrogen refueling stations, as well as demonstration projects for public transportation and logistics (comprising hydrogen pipelines, demonstration refueling stations, several hydrogen-powered buses for use in transportation, and logistics vehicles). Additionally, research and development, design, and manufacturing of key components for hydrogen fuel cells, as well as the production of complete hydrogen fuel cell vehicles, are part of this project. Once all these projects are operational, they will enable annual taxable sales worth 10 billion yuan. The East China Standardized Grain Storage and Processing Project, with a total investment of 1 billion yuan, is funded by Shanghai Liangyou (Group) Co., Ltd. The initial planning for the project calls for 53 mu of land to be used for the construction of 18 standardized shallow circular silos, each with a capacity of 10,000 tons ； An additional 100 mu of land is planned for future use, with the intention of establishing supporting food processing enterprises there, in order to create a standardized grain storage and food processing industrial park for Liangyou Group in the East China region. Once all the projects are fully operational, annual taxable sales will reach 3 billion yuan. The technical upgrade project, with a total investment of 850 million yuan, aims to produce 550,000 tons of synthetic ammonia and 1.3 million tons of urea aqueous solution per year; it is funded by Linggu Chemical Group Co., Ltd. The project makes use of the existing factory building to add a new facility with an annual production capacity of 550,000 tons of synthetic ammonia and 1.3 million tons of urea aqueous solution. Once the project is fully operational, it will generate annual taxable sales of 1 billion yuan, tax revenues of 100 million yuan, and a yearly reduction in coal consumption of 130,000 tons.