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Regions :: North Asia :: Korea

China starts up coal-based urea plant, LGI will market output

2:21 AM MDT | July 7, 2014 | Natasha Alperowicz

LG International (LGI; Seoul) says that a coal-based urea plant in China in which LGI is a partner has started production. The plant, in the industrial zone of Nalinriver, Wushen, Inner Mongolia, is designed to produce 940,000 m.t./year. LGI last August bought a 29% stake in Bodashidi Chemical, the operator of the plant, for $92 million. The company is an affiliate of Boyuan Group. LGI will export urea produced at the plant, mainly to South Korea and to Southeast Asia. China will consume some of the output.   The acquisition is in line with LGI’s plans...

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