China National Chemical Signs 2711 Contracts Worth 224.8 Billion Yuan by July Landmark Green Ammonia and Overseas Projects Highlighted

On August 18, China National Chemical Corporation (CNCC) announced it had inked 2,711 new contracts totaling 224.845 billion yuan for January–July 2025, with domestic deals reaching 176.885 billion yuan and overseas contracts at 47.96 billion yuan. Sales agreements in industry and new materials alone accounted for 6.337 billion yuan.

From January to June, the company secured 55 major projects each worth over 500 million yuan, among which 25 were focused on chemical new materials and involved industry giants like Zhejiang Petrochemical, CNOOC Shell, Haichen Chemical, and Gansu Juhua New Materials.

The largest single contract was a massive 14.345 billion yuan agreement for the Haifeng Green Hydrogen (Green Ammonia) Project in Namibia, signed by China National Chemical Engineering No.7 Construction Company. With a total investment of $10 billion, this is the world’s biggest green ammonia initiative, aiming to produce 1 million tons annually by 2027 and ramping up to 2.4 million tons by 2029.

Another major deal saw China Tianchen Engineering sign a 4.8 billion yuan EPC contract for Indonesia’s first soda ash plant, a 300,000-ton-per-year project for Pupuk Kaltim, which broke ground in June. This project is not only a national priority for Indonesia but also marks the debut of China’s Hou’s process in the country.