China Xinlianxin Fertilizer plans to build a new urea production facility with an annual capacity of 700,000 tons, at a total investment of 580 million yuan

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China Xinlianxin Fertilizer plans to build a new urea production facility with an annual capacity of 700,000 tons; the total investment in this project is 580 million yuan. Author/Source: Refining & Chemical Industry News. Date: December 27, 2020. Clicks: 19. China Xinlianxin Fertilizer (01866) announced that the project to upgrade its Xinxiang plant using clean production technologies is expected to come online in 2021. This will add 600,000 tons per year of synthetic ammonia production capacity to the group, and the liquid ammonia production capacity at the Xinxiang plant will also reach its maximum level. In addition, in line with the company’s overall strategic plan, it intends to build a new urea production facility with an annual capacity of 700,000 tons as part of the renovation project for its Xinxiang facility. The total investment is estimated at around RMB 580 million, with a construction period of approximately 30 months. It is understood that the new urea production facility utilizes internationally advanced clean production technologies with relatively low energy consumption and costs; once operational, it will fully compensate for the urea production capacity lost due to the shutdown of the company’s second and third production lines at the end of 2020. Moreover, the urea produced by the new projects is of higher quality, which can fully meet the company’s demand for raw materials for vehicle-use urea. The company expects that the demand for and sales of vehicle-use urea will continue to grow in the future, indicating great potential for development. At the same time, the new urea production project will further enhance the flexible adjustment capacity of the liquid ammonia and urea production capabilities at the Xinxiang facility (including both urea and urea for use in vehicles), thereby maximizing economic benefits and strengthening the group’s ability to withstand market fluctuations.