Qinghai Inks Contract for 100k TPY Organic and Inorganic Fertilizer Capacity

Qinghai Agro‐livestock Bureau, Haiyan County Government of Qinghai Province and Jiangsu Taizhou Meipeng Fertilizer Co., Ltd. signed contract to build 100k tpy of capacity for organic and inorganic fertilizers.

This project has RMB 180 million of total investment. RMB 35 million will be invested in Phase 1. After construction, this project can process about 150k tpy of livestock excrement collected around the Qinghai Lake and produce 100k tpy of organic and inorganic compound fertilizers, and it is forecast to generate RMB 174 million of operating income.