HCMC – The local fertilizer supply in end-March will surely satisfy the strong demand thanks to the operation of the newly-completed Ninh Binh fertilizer plant, said the Ministry of Industry and Trade.
Speaking at the industry and trade ministry’s online meeting held on Monday, Minister Vu Huy Hoang said Ninh Binh plant with an annual output of 560,000 tons of urea would be commissioned at the end of next month.
According to Hoang, the plant along with three others namely Phu My, Ca Mau and Ha Bac plants will help raise total capacity of the whole industry to some 2.4 million tons a year. This means there will be no undersupply of fertilizer at home, especially in northern provinces, noted Hoang.
Developed by the Vietnam National Chemical Group (Vinachem), the Ninh Binh urea plant project in Ninh Phuc Industrial Park needs a total investment capital of around US$400 million.
Nguyen Van Thieu, deputy director of Ninh Binh urea plant management board, told the Daily the plant will use sub-bituminous coal exploited in Quang Ninh Province as feedstock for urea production.
In the coming time, the country will be no longer dependent on fertilizer import. Moreover, it is time for local producers to look for export markets as the industry’s production capacity far outpaces the current annual local demand recorded at some 1.8 million tons.
