China Chemical Donghua and Indorama Sign EPC Contract for Anyang Clean Gasification Project
On August 3, China Chemical Engineering Donghua Company and Indorama Group formally signed the EPC lump-sum contract for the Anyang Indorama Gas Co. Clean Gasification Demonstration Project in Hefei, Anhui Province. The project is located in the coal chemical industry park of the advanced manufacturing development zone in Weihua County, Anyang, Henan Province, and marks Indorama Group's first chemical project investment in China. The facility is designed to produce annually 1.6 billion standard cubic meters of syngas, 400,000 tonnes of functional fertilizer, 1.2 million tonnes of slow- and controlled-release compound fertilizer, 200,000 tonnes of food-grade carbon dioxide, and 600,000 tonnes of ammonia.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Agrochemicals & Fertilizers, with intensity 70/100 and 75% confidence over a medium term horizon.
Agrochemicals & Fertilizers
- Direction
- positive
- Intensity
- 70
- Confidence
- 75%
- Horizon
- Medium term
Basic Chemicals
- Direction
- positive
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.