**Times reporter Yu Shengliang.
Xuetian Salt Industry (600929) announced on the evening of February 6 that the company intends to invest in the construction of Hengyang Green Low-carbon Saline-alkali Industrial Park Project (hereinafter referred to as "Hengyang Project") by its wholly-owned subsidiary, Hunan Xuetian Saline-alkali New Materials. The total investment of the project is 878.7 billion yuan, the project funds are the company's own funds, bank loans and equity fundraising.
The total land area of the project is 12345 acres, with a total construction area of 35130,000 square meters, the main construction content includes the construction of joint alkali, synthetic ammonia, salt and nitrate co-production, cogeneration of heat and power and supporting public works and facilities, according to the current approved planning, after the completion of the production capacity of 600,000 tons of synthetic ammonia, 800,000 tons of soda ash, 800,000 tons of ammonium chloride, 1.5 million tons of industrial salt.
The construction period of the project is expected to be 2 years, and it is planned to officially start construction in June 2024 and complete the construction in June 2026 (subject to the actual situation).
The project is located in Hengdong Economic Development Zone, and the project land has been approved for area adjustment and expansion, but has not yet obtained the approval for the expansion of the chemical area; The project is a chemical project and is a "two high" (high energy consumption, high emission) project, some procedures still need to be handled, environmental impact assessment, establishment safety assessment, energy conservation review and other special evaluations are in progress.
Xuetian Salt said that it will make every effort to strive for first-class support, strengthen the work docking with relevant departments directly under the provincial government, implement the relevant requirements of the project policy, complete the approval procedures before the start of construction as soon as possible, and start construction and production as soon as possible.
Xuetian Salt announced that the supply and demand gap of the soda ash market within 650 kilometers of the project location is large, the transportation is convenient, and the project can quickly seize market share after completion, with obvious location advantages. At the same time, in the past two years, the domestic photovoltaic glass industry is still in a period of expansion, soda ash ** has remained relatively high, and the profitability prospects of the project are good.
The project uses the salt brine resources in Hengyang area as raw materials, through the integrated design of saline-alkali ammonia, and adopts international advanced, mature and reliable technology to maximize the comprehensive utilization of resources and energy, and the energy consumption and emission indicators per unit product have reached the industry benchmark level, and have obvious advantages in energy saving, consumption reduction, comprehensive utilization, safety and environmental protection.
Xuetian Salt reminds that the profit margin of the domestic soda ash industry is high in the past two years, and in the future, with the release of some soda ash production capacity, there may be a risk of overcapacity in the market. In addition, the soda ash industry is cyclical, and when the entire industry is at a low point, it may lead to cyclical losses for enterprises.