Xinjiang Meifeng 600,000 tons of nitro compound fertilizer project started

On the 23rd, the total investment of 2.185 billion yuan in Xinjiang Meifeng 600,000 tons of nitro compound fertilizer, 100,000 tons of melamine project started construction in Alar City Industrial Park.

It is understood that the project is Alar City's use of the advantages of the oil and gas resources enriched in the Tarim Basin, the implementation of the advantages of resource conversion and large corporate strategy group, and bigger and stronger natural gas, coal chemical industry specific measures. The project was jointly invested by Sichuan Meifeng Company, Sichuan Chengda Engineering Company, and Agricultural Division I Supply and Marketing Corporation. The first phase of the project will have an investment of 550 million yuan, which is expected to be completed and put into operation in 2012. The second phase of the project is scheduled to start construction in 2013, and it will be completed and put into operation by the end of 2014.

According to reports, after the project is completed and put into production, it can realize annual sales income of 1.786 billion yuan and profit of 533 million yuan.

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