EuroChem Group AG and its joint venture partner, H.K. Migao, on June 2, signed a declaration of intent for the production, distribution and sale of fertilizers in China with Yunnan Tobacco Co. and the Qujing local authorities of Yunnan province, southern China.
Following the declaration, the signatories will explore the possible construction of a second potassium nitrate (NK) production line at the EuroChem Migao jv facility with a projected annual capacity of 80,000 mt. A further facility for the production of water-soluble NPK fertilizers could also be built.
EuroChem Migao jv’s first fertilizer production line was established in 2013 in Luliang, Yunnan and produces 100,000 mt of NPK and 70,000 mt of potassium nitrate per annum.