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China Drying Network News A phosphoric chemical project with an investment of RMB 15 billion was officially launched on the 13th in Nanxun County, Puyang City, Hubei Province. The project was built by Sichuan Longxi Group, the third largest in the world and the first in Asia. It includes 3 million tons of phosphate, 600,000 tons of fine chemicals and other ancillary items. After its completion, it can achieve an annual output value of 23 billion yuan.

China's initial detection of phosphate reserves is 50 billion tons, second only to Morocco, ranking second in the world, and 26 provinces (regions) such as Yunnan, Guizhou, Sichuan, Hubei, and Hunan are all distributed. Among them, Hubei reserves rank first, reaching 3.355 billion tons, accounting for 22% of the country's total reserves, mainly distributed in the province's Xiangyang and Yichang areas.

This is the first time the group has invested outside Sichuan. For the grade of Hubei phosphate rock, the group will use Baokang County, Nanxun County, and Gucheng County as raw materials to build China's largest middle and low grade phosphate rock comprehensive recycling base.

The project will be constructed in two phases. The first phase plans to invest 5.5 billion yuan to build 1 million tons of phosphate, 200,000 tons of fine chemicals and 3 million tons of phosphate rock mining and other ancillary works. It is planned to be completed and put into production by the end of 2015; Plans to invest 9.5 billion yuan to build 2 million tons of phosphate, 400,000 tons of fine chemicals and 5 million tons of phosphate rock mining and other ancillary works.

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