Three Friends 1.1 Million Tons Soda Project Settled in Qaidam

On July 9, Qinghai Multicolored Soda Industry Co., Ltd., a joint venture funded by Sanyou Chemicals Co., Ltd. and Qinghai Colourful Mining Co., Ltd., held by the Sanyou Group, held an unveiling ceremony.

The company relies on abundant raw salt, coal, and limestone resources in the Qaidam Basin and uses chlor-alkali process to make soda ash. The total investment of the project is 5 billion yuan, which is divided into two phases: 1.1 million tons for the first phase, 2.256 billion yuan for investment, completed by the end of June 2012, and 1.5 million tons for the second phase. Comprehensive development of potassium, boron, lithium, and other deep processing and high added value Products to realize the comprehensive utilization of salt lake resources. After the project is put into operation as a whole, it can increase sales revenue by 3.38 billion yuan annually, and can solve the employment of more than one thousand people.

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