China agrochemical industry weekly (1014)

Jiangsu Huifeng to invest 40,000-ton pesticide formulation project

In order to strengthen and expand the biological agri inputs sector and the petrochemical supply chain sector, the company plans to invest in the construction of a 40,000-ton pesticide formulation project, and the company's wholly-owned subsidiary Jiangsu Huifeng Petrochemical plans to invest in a 50,000-m3 liquid ammonia cryogenic storage tank project.

Among them, the planned fixed asset investment of the pesticide formulation project is not more than 40 million yuan, and the total planned investment of the liquid ammonia cryogenic storage tank project is not more than 230 million yuan.

Maxunitech acquired Shijie, became the tops in Sulfentrazone, Flumioxazin technical production capacity

Recently, Maxunitech acquired parts of the original sharehoders’ share of Inner Mongolia Shijie Chemical with its own funds to control this company.

Maxunitech lnc, which was established in 2000, is a multinational enterprise engaged in plant protection, water ecological restoration and reconstruction, environmental engineering. Maxunitech lnc already has the production capacity of Sulfentrazone and Flumioxazin. However, after holding the shares of Shijie Chemical, Maxunitech lnc will jump to the forefront in the world with the total annual production capacity of 4,000 tons of Sulfentrazone and 3,000 tons of Flumioxazin.

Global Top 20: Sales performance is great, Chinese has reached a new high

The top 20 companies in the global pesticide market have maintained their momentum since 2018 and performed particularly well in 2021. According to statistics from IHS Markit, the sales performance of all the top 20 companies shown significant growth in dollar terms, ranging from 6.2% to 125.9%. And 12 Chinese companies which are in the top 20, made a history with its impressive growth.

Chinese pesticide companies line up for IPO, 11 companies plan to raise ¥8.9 billion!

On Aug 19, 2022, Norsyn successfully listed on the Shenzhen Stock Exchange. On Aug 25, Greatchem passed IPO application on GEM. From Aug 30 to 31, Jiuyi and CAC continued to succeed in the GEM. From Sept 3 to 4, Zhengbang Crop and Lubachem rushed to the mainboard of Shenzhen Stock Exchange and Shanghai Stock Exchange respectively. On Sept 25, Luheng Technology successfully hit the NorthStock Exchange.

Demonstrating the future of pesticide in China, YinNong released nano pesticide products

On Sept 27, as a state-level, professional and new “Little Giant” enterprise, YinNong held a new product launch conference in Huizhou with the theme of "Infinite YinNong, Quality wins the future”. Mr. Qian, Chairman of YinNong, announced at the meeting that size of YinNong’s products(D98), which is less than 1μm（600-900nm), had officially entered the nano era.

Youdao will start production of Chlorantraniliprole TC this month

On Sept 30th, Youdao’s Chlorantraniliprole technical and intermediate device were successfully completed after inspection by all parties. Next, Youdao will immediately carry out the overall water-gas linkage of each device and final cleaning, and it is expected that the feeding production conditions will be ready in mid-late October. At that time, Youdao will become the first Chlorantraniliprole manufacturer with complete certificates, independent intellectual property rights and industrial chain. This project adopts the fully continuous flow process and device independently developed by Himile, which greatly reduces the production cost.

Betulin was first discovered in China as the natural active ingredient against peach aphids

Aiming at the major pests of peach industry, a team from ZFRI, CAAS made an important progress in peach aphid control research. They first discovered Betulin, a natural active ingredient against mountain peach aphids, which provided important support for the development of plant-derived green pesticides and the cultivation of varieties plant resistant to peach aphid.

 China: Two pesticide adjuvants will be completely banned

The list includes 14 new pollutants of priority control, of which Perfluorooctane sulfonate (PFOS) and Nonylphenol, both common surfactants, are expected to have the greatest impact on agrochemical companies. Since pesticide uses are not covered by the exemption, this means they will be banned altogether.

Fengshan plans to set up a subsidiary of ¥100 million to further integrate related business segments

Fengshan announced that according to the development strategy and future business plans, the company intends to set up a wholly-owned subsidiary Fengshan (Jiangsu) with its own or self-raised funds of 100 million yuan.