According to market source, Hu-Chems Fine Chemical Corporation, a unit of South Korea’s Taekwang Industrial Group is planning to invest $1 billion to build a plant.
The plant will produce Ammonia around 600,000 Tonne/year, Nitric acid around 400,000Tonne/year and Ammonium Nitrate around 200,000 and located at Malaysia. The chemical plant is anticipated to complete in next two year.
