07 April 2011 09:15 [Source: ICIS news]
GUANGZHOU (ICIS)--China’s Jinsheng Huyang Chemical is conducting test runs at its fertilizer complex in Aksu, northwestern Xinjiang region, after it achieved on-spec production in early April, a source close to the company said on Thursday.
The complex includes a 150,000 tonne/year ammonia unit, a 150,000 tonne/year nitric acid unit, a 200,000 tonne/year ammonium nitrate unit and a 600,000 tonne/year nitrogen compound-fertilizer unit, said the source.
“On-spec products were achieved on 1 April and commercial operations could begin soon,” the source said, adding that construction of the complex began in August 2009.
The plants use natural gas as feedstock and their output would be sold primarily in the local Xinjiang and surrounding markets, he said.
Meanwhile, Jinsheng Huyang is planning a second-phase project that would double the capacities of the four plants, but the exact timetable has not been finalised yet, he added.
An additional 400,000 tonne/year coal-based fertilizer plant was planned as the third phase of the project, the source said.
“Total investment for the three phases would exceed yuan (CNY) 30bn ($4.58bn),” he said.
Jinsheng Huyang was established in May 2009 and China’s Sichuan Golden Elephant Chemical Industry Group owns more than 70% of the company, according to the source.
($1 = CNY6.55)
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