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Article: China : CNOOC BlueChemical to sink 20-30 billion yuan on fertilizer capacity expansion.
- Article from:
- TendersInfo
- Article date:
- August 31, 2009
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Byline: manish03
CNOOC BlueChemical Ltd. (3983.HK), a listed subsidiary of China National Offshore Oil Corporation (CNOOC) , will invest 20 to 30 billion yuan into expanding its fertilizer prod uction capacity over the next five years. Yang Yexin, the company's chief executive officer and president, d isclosed the news to Xinhua on Monday.
Well aware of the overcapacity plaguing the domestic fertilizer in dustry, Yang said that the company has now turned its eyes to explorin g the overseas market for business opportunities.
The company also plans on establishing potash fertilizer productio n facilities so that it may improve its industrial ...