Construction of Anhui Haoyuan Chemical Group Co., Ltd.’s 300,000-ton urea production project has begun

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The construction of Anhui Haoyuan Chemical Group Co., Ltd.’s 300,000-ton urea production project has begun. Date of announcement regarding the start of this project: 2009-02-27. On February 10th, the project to adjust the production structure of Anhui Haoyuan Chemical Group Co., Ltd. with an annual output of 300,000 tons of urea, began in Fuyang City, Anhui Province. The project adopts an advanced domestic carbon dioxide stripping energy-saving technology, with a total planned investment of 226 million yuan; it is expected to be completed and put into operation in April 2010. Upon completion of the project, it is expected to generate an additional annual sales revenue of 500 million yuan and profits and taxes of 70 million yuan. It is understood that the main raw material used by urea manufacturers in Fuyang City is anthracite produced in areas such as Shanxi. By bringing in Shanxi Jinmei Group as a strategic investor, Haoyuan Company found a solution for its raw material supply, ensuring a stable supply of anthracite and thus resolving the issue related to the provision of raw coal. It is also understood that this urea project is an important part of Fuyang’s 2 million-ton urea production base, as well as a key component of Fuyang’s coal chemical industry base. As planned, Fuyang City will, on the one hand, rely on its key local enterprises to expand urea production capacity and build urea production bases with an annual output of millions of tons ； On the other hand, fine chemicals will be vigorously developed, with two fine chemical parks to be established. The city also plans to focus on developing four main production areas: urea and urea-based compound fertilizers, methanol, fine chemicals, and coal-to-oil production.