Qinghai Salt Chemicals made significant progress
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On January 25, the Qinghai Salt Lake Group announced significant progress in its ongoing 9 billion yuan investment in the comprehensive utilization of salt chemical industry. The first phase of the project is nearing completion, with the initial half expected to be commissioned soon. Meanwhile, the second phase has already completed its pre-project environmental impact assessment, and construction has officially begun. This development marks a crucial step forward for the company's long-term vision.
The significance of this project lies in its ability to transform previously discarded waste residues into valuable resources, effectively turning them into a "golden ingot." By expanding the salt chemical industry into five key sectors—potassium salts, sodium salts, chlor-alkali, magnesium salts, and lithium salts—the company aims to produce a wide range of products, including potassium hydroxide, sodium hydroxide, potassium carbonate, potassium nitrate, nitrogen fertilizer, methanol, magnesium lithium salt, and polyethylene chloride. The entire production process emphasizes resource recycling, ensuring no pollution or emissions are generated.
An Pingyu, chairman of the Qinghai Salt Lake Group, stated that once the project is fully completed, the company’s total assets will exceed 15.5 billion yuan. With current market prices, annual sales revenue could surpass 8 billion yuan, significantly boosting the company’s economic performance.
As China’s largest potash fertilizer producer and the country’s leading salt resource reserve company, Qinghai Salt Lake Group has long focused on potash production. However, the development of other salt-based products has remained limited. This situation reflects a common challenge faced by many salt chemical companies: the need to manage large volumes of by-products, particularly sodium chloride, which often ends up as waste or is sold at low value.
In recent years, the State Reform Commission introduced new regulations requiring a minimum annual capacity of 300,000 tons for industrial salt projects. These policies have created several issues, including increased environmental burdens from unprocessed by-products, higher costs passed on to consumers, and reduced profitability for companies due to underutilized mineral resources.
Experts believe that the comprehensive utilization model pioneered by Qinghai Salt Lake Group offers a promising solution for the salt chemical industry. It not only enhances resource efficiency but also supports sustainable development. Moreover, they suggest that existing salt monopoly policies should be re-evaluated to better support domestic salt chemical enterprises and encourage innovation in the sector.