ChemChina News Network: A fine chemical project with an investment of 300 million yuan by Hubei Rizhi Technology Co., Ltd. and Yichang Renfu Pharmaceutical Co., Ltd. has recently been signed and settled in Yidu City, Hubei Province.

It is known that this fine chemical project is jointly invested and constructed by Hubei Rizhi Technology Co., Ltd. and Yichang Renfu Pharmaceutical Co., Ltd. The project is located in Sanbianhu Village, Zhicheng Town. It will be built in two phases. The first phase involves an investment of 120 million yuan and the construction of a project with an annual production capacity of 1,000 tons of pesticide intermediates READP and 500 tons of pesticide raw materials YMHA; the second phase involves an investment of 180 million yuan and the expansion of a project with an annual production capacity of 2,000 tons of pesticide raw materials YMHA and pharmaceutical intermediates. After the completion of the entire project, it is expected to achieve a total annual production capacity of high-end fine chemicals of over 5,000 tons and an annual sales revenue of 1 billion yuan.