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Article: Lutianhua alters investment plan following stimulus program for petrochemical industry.(New Setup, Agreement & Plan)
- Article from:
- China Chemical Reporter
- Article date:
- June 6, 2009
CopyrightCOPYRIGHT 2009 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sichuan Lutianhua Co., Ltd. (Lutianhua, SZ: 000912), a leading urea producer in China, announced on May 22nd to revise its investment plan with a swift response to the stimulus program for petrochemical industry released on May 19th.
Under the latest expansion blueprint, Lutianhua plans to invest RMB4.17 billion for building a 400 000 t/a synthetic ammonia facility, 700 000 t/a urea unit and 200 000 t/a methanol project using coal as feedstock. The site is now selected in Ningdong Coal Chemical Base, 43 kilometers southeast of Yinchuan, the capital of Ningxia autonomous region.
Originally, the company arranged its ...