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Canadian company builds urea joint venture in China

Hanfeng Evergreen, based in Toronto, Canada, formed a 50-50 joint venture with Anhui Linquan Industrial Chemical Co., Ltd. at the end of last year to establish a sulfur-coated urea plant in Fuyang, China. This strategic partnership aims to meet the growing demand for high-quality agricultural fertilizers in the region. In the first phase of the project, a production facility with an annual capacity of 50,000 tons of sulfur-coated urea will be built, requiring an investment of approximately US$66 million. Both companies will equally contribute to the capital. Anhui Linquan will supply the necessary urea feedstock to the joint venture, ensuring a stable raw material supply. The sulfur-coated urea produced at the plant is expected to be primarily sold within Anhui Province, one of China's largest agricultural regions. The location offers significant logistical and market advantages, as it is well-positioned to serve local farmers and agribusinesses. With increasing awareness of soil health and sustainable farming practices, sulfur-coated urea is becoming a preferred choice for enhancing crop yield and soil fertility. This collaboration not only strengthens Hanfeng Evergreen's presence in the Chinese fertilizer market but also supports the long-term development of agriculture in Anhui. The project reflects a shared commitment to innovation, sustainability, and regional growth.

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