The New Material Industrial Park project of Huahua Chemical Group, with a total investment of 12.6 billion yuan, was launched in Dangyang City, Hubei Province

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On July 14, the New Materials Industrial Park project of Huaqiang Chemical Group, with a total investment of 12.6 billion yuan, was launched in Dangyang City, Hubei Province. The commencement of construction on the New Materials Industrial Park project of Huahua Chemical Group represents another significant achievement in Dangyang’s efforts to carry out the \"Year of Major Project Construction\" and to persistently focus on attracting investment for the \"five-one\" industrial chain. It will undoubtedly inject new momentum into Yichang’s efforts to expand its industries and achieve a leap in their development level. The Yichang Municipal Party Committee and Government will continue to improve the business environment, providing full support to all enterprises based in Yichang, including Huahua Chemical, to grow and strengthen. The relevant departments directly under the Yichang municipal government and Dangyang City should act as \"excellent service providers,\" offering high-quality services throughout the entire process, in all aspects, and across the whole life cycle of project development. They should make every effort to ensure that projects come online early, start generating benefits promptly, and thus jointly create a new chapter of cooperation between enterprises and local authorities, leading to mutual benefit and shared success. It is understood that the New Materials Industrial Park of Huahua Chemical Group plans to build 14 sub-projects; once all of them are completed, they will generate an annual output value of 11.105 billion yuan and annual tax revenues of 994 million yuan. The project, which was launched on that day and is designed to produce 400,000 tons of synthetic ammonia and 300,000 tons of urea per year, involves an investment of 5.2 billion yuan. It is the largest investment project in the industrial park, with a construction period of 24 months. Previously, the industrial park has seen the commencement of various projects: a project to produce 400,000 tons per year of electronic-grade hydrogen peroxide, with an investment of 470 million yuan; a series of projects for technical upgrades and quality improvements, involving an investment of 340 million yuan; and a project for the circular utilization of chemical wear-resistant materials, with an investment of 260 million yuan. These projects are set to be completed and put into operation in the second half of 2026.