China XLX Fertilizer eyes 2.58m tonnes/year urea capacity by 2016

28 May 2012 06:57  [Source: ICIS news]

SINGAPORE (ICIS)--China XLX Fertilizer said on Monday it expects to more than double its urea capacity to about 2.58m tonnes/year by the end of 2016, from 1.25m tonnes/year currently, as it invests in new plants.

The company is investing around yuan (CNY) 2.7bn ($425m) to build a 400,000 tonne/year urea plant, a 150,000 tonne/year synthetic fertilizer plant and a 100,000 tonne/year melamine plant at Manasi in Xinjiang province, China XLX said in a filing to the Hong Kong Stock Exchange.

Currently, the company’s site in Henan province can produce 1.25m tonnes/year of urea, 750,000 tonnes/year of fertilizer and 200,000 tonnes/year of methanol.

In Henan province, it also plans to start up an 800,000 tonne/year urea plant at the same site in the second half of 2013.

“The expansion in Xinjiang is based on abundant coal resources and competitive production costs,” it said in the statement.

($1 = CNY6.35)

By: Rachel Yang

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