Jul. 31, 2020
On July 21, 2020, Chinese agrochemical company Jiangsu Flag Chemical Industry Ltd released the feasibility study report pertaining to a project launched by Anhui Ningyitai Science and Technology Co., Ltd. The project is designed to build an annual production facility of 15,500 tons of novel pesticide technical and associated products.
According to the announcement, Flagchem chooses Anhui (Huaibei) New Coal Chemical Base as the location of its subsidiary Anhui Ningyitai Science and Technology Ltd (incorporated in July 2020), where a fine chemical project will be launched, which mainly covers production of 15,500 tons of novel pesticide technical and intermediates. The total investment of the project exceeds Yuan2 billion.
The project is expected to be ready in six years. 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.
These products are regarded as the characteristic and superior products of Flagchem, which are very competitive products produced via mature production technique. Most of the raw and auxiliary materials used are purchased from Chinese domestic market, which is a secured supply without the fear of shortage of materials. After the completion of the project, its operation will be of great significance to the cultivation of a new source of growth and increase of the profitability of Flagchem.
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