Ecophos, a world leading business solution provider of technological solutions for the major challenges of the phosphate industry, and Guizhou Chanhen Chemical Corporation signed a deal to establish a Sino-foreign equity joint venture in which Ecophos will provide the technology for the construction of a green multi resources recycle industrial park located along the Yangtze river in Songzi, Hubei Province, China.
Once finalized, the investment will be worth 5 billion RMB and the facility will process 2.2 million tpy of low-grade phosphate rock into 400,000 ton of high quality phosphate, 100,000 ton of food grade phosphoric rock and 300,000 ton of water-soluble fertilizer and 1.5 million ton of high purity gypsum. The estimated annual sales will be approximately 6 billion RMB. The JV that will cater to local and regional demand for specialty feed and fertilizer phosphates will address the need for high-quality gypsum in Chinese construction. Manufacturing will utilize Ecophos-developed technologies that will maximize the value of the raw phosphate mineral obtained directly from the mine and thus enable the production of pure gypsum.
The project is in alignment with the strategy of the 19th Chinese National Party Congress as well as the COP21 that will advocate the implementation of innovative technologies in order to preserve the environment and promote sustainable use of resources. The project addresses the main caveat of traditional phosphate processing: phosphogypsum and polluting emissions. It will allow improvement in yield and quality of end products. Li Jin, Chairman of Chanhen Group, commented that the project would create a new future for China’s green cycle of phosphorus industry, explaining that “we are facing severe challenges in clean and sustainable development, and the phosphorus industry is in urgent needs of new green technologies to change the status quo.”