A total of 7.72 million tons/year urea plant is under construction - beware of a new round of nitrogen fertilizer overcapacity

Sinochem New Network News At the 2022 Nitrogen Fertilizer Industry Work Conference and the Fourth Council of the Seventh China Nitrogen Fertilizer Industry Association held in Jiujiang City, Jiangxi from August 4th to 5th, Gu Zongqin, chairman of the China Nitrogen Fertilizer Industry Association, pointed out that in 2022, domestic nitrogen fertilizer Enterprises should control the total production capacity, rationally plan new production capacity, and avoid new oversupply in the industry

Gu Zongqin said that during the "13th Five-Year Plan" period, the industry vigorously promoted the reduction of production capacity, and the supply and demand of nitrogen fertilizer gradually transitioned from overcapacity to a basic balance

"However, according to the statistics of the association, there are currently 7.

Therefore, Gu Zongqin hopes that enterprises should plan projects rationally, not blindly expand capacity, and jointly maintain market order.