11 October 2012 06:38 [Source: ICIS news]
The company will invest yuan (CNY) 3.4bn ($540m) on the plants being built in the Aksu Economic and Technological Development Zone, the Xinjiang government said in an announcement posted on its website.
Feedstock natural gas for the two plants will be supplied from YingMaiLi gas field, which is owned by PetroChina Tarim Oilfield Co, it said.
Construction of the fertilizer plants are expected to be completed in 2015, with the plants’ output meant for domestic supply and for exports to the Middle Asia and south
($1 = CNY6.30)
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