New Plant Starts Production China XLX Fertiliser Significantly to Increase Urea Capacity
China XLX Fertiliser has announced that the Plant V, located in the coal field of Xinjiang, has successfully completed construction and commenced production.
Hong Kong/China – The Plant V is expected to have an annual capacity of 520,000 tons of urea, which means that China XLX and its subsidiaries would have an annual urea capacity of more than 2.6 million tons, strengthening their position as a leading urea producer and leading private fertilizer enterprise in China.
The Plant V will continue to apply the advanced coal gasification technologies that the company successfully used in Plant IV. This will effectively save production cost and improve the overall operation efficiency.
The Plant V is strategically located in Xinjiang, an important gateway connecting China, Central Asia and Europe in China’s “One Belt, One Road” initiative. The Plant V is expected to leverage the national preferential policies for growth.
China XLX Chairman and Chief Executive Officer Mr. Liu Xingxu commented, “Plant V is the first plant that China XLX built in Xinjiang. The commencement of production in Plant V is a milestone event for China XLX, expanding our geographic expansion to Xinjiang, where we have already had two coal mines in Manas, Tianli Coal Mine and Tianxin Coal Mine. The cost of production would therefore be substantially decreased. We will continue to explore opportunities in both upstream and downstream of the industry chain. We are dedicated to become a coal chemical conglomerate comparable to industry leaders worldwide and creating maximum value for our shareholders.”