Indian company restarts ammonia and urea project
Recently, it was learned from the National Stock Exchange of India that SPIC will restart its ammonia and urea projects at the Tuticorin site and plan to maintain stable production capacity. It is understood that the company originally planned to implement the restart plan in May this year, due to some technical factors and delayed.
It is understood that the company's production capacity once reached 489,000 tons of ammonia per year and 620000 tons of urea, but due to the shortage of working capital, the equipment was discontinued in March 2007. Duticorin's phosphoric acid production capacity also reached 54,000 tons/year (refined), diammonium production capacity reached 212,000 tons/year, and also produced 17-17-17 and 20-20-0 content compound fertilizers, 2007 All production stops in the year. Phosphoric acid during equipment operation was imported from IJCC, a India-Jordanian chemical joint venture.
It is understood that India’s Asset Restructuring Corporation (ARCIL) once undertook the construction fund assessment of South India Petrochemical Industry Co., Ltd., which was partly due to the auction of the company’s equipment and also sold the company’s joint venture company in India. 52.71% of the shares. Under the mediation of the Indian Asset Restructuring Corporation, in March this year, South India Petrochemical Industry Co., Ltd. transferred 52.17% shares in the Indian Chemicals joint venture company to the Jordan Phosphate Corporation (JPMC) for US$50.6 million. The Jordan Phosphate Company originally owned a 34.8% stake in the Indian Chemicals Joint Venture, which could also be said to have ended the history of the joint venture with South India Petrochemical Industry Co., Ltd. It was reported that the South India Petrochemical Industry Co., Ltd. sold shares in the Indian Chemicals joint venture in order to restart the company's ammonia and urea projects in Tuticorin.
The Indian chemical joint venture company is located in the south of Jordan. The annual production capacity of phosphoric acid is 224,000 tons, and the annual production capacity of sulfuric acid is 690,000 tons. The company is jointly controlled by Southern Petrochemicals, Jordan Phosphorite and Arab Investment Corporation (AIC) and started production in 1997. At the same time, according to the original tripartite agreement, phosphoric acid was mainly shipped to India for the production of phosphate fertilizers.
It is understood that the company's production capacity once reached 489,000 tons of ammonia per year and 620000 tons of urea, but due to the shortage of working capital, the equipment was discontinued in March 2007. Duticorin's phosphoric acid production capacity also reached 54,000 tons/year (refined), diammonium production capacity reached 212,000 tons/year, and also produced 17-17-17 and 20-20-0 content compound fertilizers, 2007 All production stops in the year. Phosphoric acid during equipment operation was imported from IJCC, a India-Jordanian chemical joint venture.
It is understood that India’s Asset Restructuring Corporation (ARCIL) once undertook the construction fund assessment of South India Petrochemical Industry Co., Ltd., which was partly due to the auction of the company’s equipment and also sold the company’s joint venture company in India. 52.71% of the shares. Under the mediation of the Indian Asset Restructuring Corporation, in March this year, South India Petrochemical Industry Co., Ltd. transferred 52.17% shares in the Indian Chemicals joint venture company to the Jordan Phosphate Corporation (JPMC) for US$50.6 million. The Jordan Phosphate Company originally owned a 34.8% stake in the Indian Chemicals Joint Venture, which could also be said to have ended the history of the joint venture with South India Petrochemical Industry Co., Ltd. It was reported that the South India Petrochemical Industry Co., Ltd. sold shares in the Indian Chemicals joint venture in order to restart the company's ammonia and urea projects in Tuticorin.
The Indian chemical joint venture company is located in the south of Jordan. The annual production capacity of phosphoric acid is 224,000 tons, and the annual production capacity of sulfuric acid is 690,000 tons. The company is jointly controlled by Southern Petrochemicals, Jordan Phosphorite and Arab Investment Corporation (AIC) and started production in 1997. At the same time, according to the original tripartite agreement, phosphoric acid was mainly shipped to India for the production of phosphate fertilizers.
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