Total investment of project to exceed Yuan 2 billion
Chinese agrochemical company Jiangsu Flag Chemical Industry Ltd has released the feasibility study report pertaining to a project launched by Anhui Ningyitai Science and Technology Co., Ltd.
Designed to build an annual production facility of 15,500 tons of novel pesticide technical and associated products, the total investment of the project will exceed Yuan2 billion and is expected to be ready in six years.
According to the announcement, Flagchem choose Anhui (Huaibei) New Coal Chemical Base as the location of its subsidiary Anhui Ningyitai Science and Technology Ltd (incorporated in July 2020), where the chemical project will be launched.
The first phase will encompass isooctyl saflufenacil (annual 3,000 tons), lufenuron (annual 3,000 tons), spirotetramat (annual 1,000 tons) and flumioxazin (annual 1,000 tons), for a cycle of 2.5 years; the second phase will encompass six products – saflufenacil (annually 1,000 tons), topramezone (annually 500 tons), metamifop (annually 1,000 tons), carfentrazone (annually 500 tons) and clothianidin (annually 3,000 tons), for a cycle of 3.5 years. Most of the raw and auxiliary materials used are purchased from Chinese domestic market.
After the completion of the project, it is expected that its operation will be a new source of growth and will contribute to increased profitability of Flagchem.
