On July 10, the groundbreaking ceremony for the Ningxia Petrochemical Company's localization project to produce 450,000 tons of synthetic ammonia and 800,000 tons of urea was held in Yinchuan. After the project is completed, it will break the technical monopoly of foreign companies in the large chemical fertilizer industry, indicating that China's large-scale nitrogen fertilizer technology has made considerable progress, will drive the localization of large chemical fertilizer industry equipment, and provide demonstration and technical support for improving industry technology and equipment levels.
To realize the localization of large-scale fertilizer installations has always been a long-cherished wish in China's fertilizer industry and machinery industry. In 2006, the annual output of 450,000 tons of synthetic ammonia and 800,000 tons of urea equipment and technology package localization technology was listed as one of the 60 key tasks in the “Eleventh Five-Year Plan†technology development plan. After several years of hard work, these two projects finally started in Yinchuan, Ningxia.
It is understood that Ningxia Petrochemical Company's domestic production of 450,000 tons of synthetic ammonia, 800,000 tons of urea project, is China's oil through independent innovation, independent research and development, with independent sets of large-scale nitrogen fertilizer plant. The total investment of the project is 2.522 billion yuan, and it is expected to be completed and put into operation in the first half of 2013. By that time, annual sales revenue of 1.372 billion yuan and profits and taxes of 367 million yuan will be realized. After the project is completed and put into production, CNPC Ningxia Petrochemical Company will achieve a fertilizer production capacity of 3 million tons.
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