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On October 28, Sichuan Hebang Biotechnology Co.
, Ltd.
's 500,000 tons/year double glyphosate project started construction in Sichuan Guang'an Xinqiao Chemical Park
.
With a total investment of 16.
7 billion yuan, the project is expected to be completed and put into operation by the end of 2024, when it can produce 500,000 tons of glyphosate per year, and the annual output value will exceed 20 billion yuan
.
It is reported that bisphosate is an important intermediate in the pesticide, pharmaceutical, rubber, electroplating and dye industries
.
Sichuan Hebang Biotechnology Co.
, Ltd.
is currently the world's largest supplier of glyphosate, accounting for 70% of the global market share
.