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China BlueChemical Ltd. ('China BlueChem'
or the 'Company', Hong Kong Stock Exchange stock code:
3983) is a large and modern enterprise engaging in advanced
processing of natural gas including developing, manufacturing
and selling of chemical fertilizers and chemical products.
China BlueChem was established on 25 April 2006 and its
headquarters in Dongfang City, Hainan Province. On 29
September 2006, the Company was listed on the Hong Kong
Stock Exchange with stock code 3983. |
China BlueChem is among the largest in
production volume and most energy efficient nitrogenous
fertilizer producers in China which principal businesses
are manufacturing, developing and selling urea and high
value-added synthetic chemical products with natural gas
as the raw material. China BlueChem possesses enormous
production capacity, advanced manufacturing technology,
and an extensive sales network that covers 20 provinces
in China.
Currently, the Company operates 3 large-scale urea production
bases in Hainan Province and Inner Mongolia with total
annual designed urea production capacity of 1.84 million
tonnes:
1. Hainan Fudao Phase I: annual designed capacity of 300,000
tonnes of ammonia and 520,000 tonnes of urea
2. Hainan Fudao Phase II: annual designed capacity of
450,000 tonnes of ammonia and 800,000 tonnes of urea
3. Inner Mongolia Tianye Chemical Plant: annual designed
capacity of 520,000 tonnes of traditional prill urea and
200,000 tonnes of methanol
In running its fertilizer operations, China BlueChem adopts
product diversification strategy. Methanol, a synthetic
chemical product is the fruit of the strategic effort
and is another major product of the Group. With the Tianye
methanol plant is designed to produce 200,000 tonnes of
methanol a year, China BlueChem is also constructing a
new methanol plant in Hainan. This CNOOC Jiantao methanol
plant is a joint venture with Hong Kong Kingboard Group.
It will expand methanol production capacity of the Group
by another 600,000 tonnes a year, and the construction
completed in September 2006 and operations to commence
in January 2007. The Company will then be among methanol
producers with the largest production capacities in China.
The Company also produces complex fertilizers and food-class
carbon dioxide at a designed annual capacity of 50,000
tonnes and 30,000 tonnes respectively, and operates port
and manufacture of woven bags businesses. It is building
a new polyoxymethelene plant in Tianye, which is scheduled
for completion by the end of 2008. By then, the Company's
annual production capacity for polyoxymethelene will reach
60,000 tonnes.
As a core subsidiary of China's third largest petroleum
company, CNOOC, and a sister company of CNOOC Limited,
one of the petroleum and natural gas developers and manufacturers
with most reserves in the world, China BlueChem enjoys
stable and cost effective raw material supply. Riding
on the persistent growth of the chemical fertilizer industry
in China, the Company will be able to, via expanding production
capacity, enhance the standard of its chemical fertilizer
business. In addition, the Company will seize acquisition
opportunities arising from the industry consolidation
in China to expand its capacity and market share quickly
China BlueChem aspires to become the largest chemical
fertilizer manufacturer and most effective resources processing
enterprise in the chemical industry in China, which is
also geared up for competing in the international market.
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