EuroChem Group AG, a leading global fertilizer company, and H.K. Migao, its joint-venture partner, have signed a declaration of intent for the production, distribution and sale of fertilizers in China with Yunnan Tobacco Company and the Qujing local authorities of Yunnan province, southern China.
Following the declaration of intent, the signatories will explore the possible construction of a second potassium nitrate (NK) production line at the EuroChem Migao joint-venture facility with a projected annual capacity of 80 000 t. A further facility for the production of water-soluble NPK fertilizers could also be built.
The parties will examine the possibility of subsequent distribution and sales of these fertilizers in China. The local authorities in Qujing have confirmed their intention to provide comprehensive support for these initiatives.
EuroChem Migao joint venture’s first fertilizer production line was established in 2013 in Luliang, Yunnan and produces 100 000 t of NPK and 70 000 t of potassium nitrate per annum.
The declaration of intent was signed at the St. Petersburg International Economic Forum.
Read the article online at: https://www.worldfertilizer.com/nitrogen/02062017/eurochem-signs-declaration-of-intent-with-yunnan-tobacco-company/