Business
US$200M Fertiliser Plant Set for 2027 Launch
Xintai (Palm River Resources) will invest US$200 million to establish a fertiliser plant that will produce 200,000 metric tonnes (MT) of urea and 200,000 MT of ammonium nitrate.
Construction is scheduled to begin in June 2026, with production targeted for February 2027.
The project is expected to create jobs, strengthen the local supply of fertiliser, and improve agricultural yields through increased availability of inputs.
In parallel, the government is advancing broader sector investments, including a US$3 billion fertiliser and chemicals project by Jinfeng, supported by a planned 900MW thermal power plant.
Together, these initiatives signal a strategic shift toward domestic production, energy-backed industrialisation, and reduced reliance on imports.