China Fifth Ring Engineering Co., Ltd. recently entered into a significant partnership agreement with Linggu Chemical Group Co., Ltd., signaling the official commencement of Linggu Chemical's integrated recycling industrial chain demonstration project focused on new coal chemical green materials. Situated in the New Material Industrial Park of Yixing City, Jiangsu Province, the project spans approximately 1,200 acres and carries a total investment of 11.7 billion yuan. The objective of this initiative is to propel the growth of the green new material sector by leveraging cutting-edge coal chemical technologies, and to achieve a comprehensive deployment across strategic emerging materials, hydrogen energy, electronic specialty gases, and the supporting industrial chain within the park.
The execution of this project holds immense importance for Jiangsu Province's food security strategy and ensuring a steady supply of fertilizers within the region. With increasing worries about global supply chain stability, this project stands as a robust assurance for securing Jiangsu's supply chain. Moreover, it will aid in establishing Jiangsu as a formidable agricultural province and accelerate agricultural modernization by boosting the local capacity for fertilizer supply. Simultaneously, the development of this project will invigorate the local economy and foster the expansion of strategic emerging industries within the New Materials Industrial Park.
Established in 1966, Linggu Chemical Group Co., Ltd. is a company specializing in ammonia and urea production as its primary operations. Throughout the years, the company has garnered numerous accolades, including "Sinopec's Top 100 Private Enterprises" and "China's Top 100 Fertilizer Companies," thanks to its consistent product quality and outstanding business achievements. The initiation of this novel project signifies a pivotal move towards driving industrial upgrading, diversifying product offerings, and fostering high-end development for Linggu Chemical.
