Recently, Hubei Saning Chemical Industry Co., Ltd. began to construct 300,000 tons of urea production equipment. The total investment of the project is 662 million yuan, and the construction period is one year. After the project is put into production, it can increase sales revenue by 500 million yuan, taxation by 55 million yuan and profit by 50 million yuan.

The new 300,000-ton urea project in San Ning, Hubei Province is another major step in the company’s further implementation of the five strategies of “scaled operation, group management, specialized production, scientific layout, and branded advantages”. During the period, the Saning Urea Plant and the Nitrogen Fertilizer Plant will be merged into a production base for urea, methanol, and dimethyl ether. The company will become a production base for ammonium bicarbonate, and Fusheng will become a production base for urea-based compound fertilizer, controlled-release fertilizer, and phosphorous. Compound fertilizer plant becomes monoammonium phosphate, diammonium phosphate, sulfuric acid, refined phosphoric acid, and sulfur-based compound fertilizer production base. After the completion of the new project, Hubei Saning will have an annual production capacity of 1 million tons of total ammonia, 800,000 tons of urea, 1 million tons of phosphate compound fertilizer, 500,000 tons of alcohol ether, 300,000 tons of refined phosphoric acid, and 1 million tons of sulfuric acid. The total production and sales will reach 10 billion yuan.

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