Huachang 190 million project for the construction of concentrated nitric acid

Huachang Chemical (002274) January 31 Evening announcement, the company intends to declare investment in the construction of 150,000 tons/year of concentrated nitric acid project, the project is expected to invest 190 million yuan, is located in Zhangjiagang Jin Hong Kong free trade Zone Company plant, the source of funds for its own capital. According to the company's plan, the company uses the existing synthetic ammonia system to produce concentrated nitric acid products, improve product structure, achieve product diversification, can improve the comprehensive utilization of resources, reduce costs, at the same time play the company's regional advantages. The company's current production capacity of synthetic ammonia has reached 500,000 tons/year, downstream products are mainly urea, soda ash, ammonium chloride, methanol. 150,000 tons/year concentrated nitric acid project is based on the existing ammonia as raw material, dilute nitric acid as the intermediate products, further processing as concentrated nitric acid products, to achieve the upstream and downstream integration development.