Memorandum of Understanding for the Long Term Supply and Purchase of Molten Sulphur Signed Between Marubeni and the Hubei Harvin (Group) Chemical Co., Ltd.
Nov. 22. 2018
On November 7th, Marubeni Corporation (hereinafter, “Marubeni”) signed a Memorandum of Understanding (hereinafter, “MOU”) regarding the long term supply and purchase of Molten Sulphur with Hubei Harvin (Group) Chemical Co., Ltd. (hereinafter, “Hubei Harvin”), one of the biggest phosphate base fertilizer manufactures and distributers in China.
In response to increased environmental awareness in China, Hubei Harvin aims to reduce environmental risks by converting its raw material for fertilizer from Solid Sulphur to Molten Sulphur.
Marubeni has been selling Molten Sulphur for more than 40 years, supplying it to customers in Chinese coastal areas. Although it has been difficult to supply Molten Sulphur to inland areas due to logistical restrictions, Marubeni will utilize its Group Company, Jiangsu Zhenyu Chemical Co.,Ltd., as a logistical hub, and reinforce its own transportation functions, in order to actually begin supplying inland China areas with Molten Sulphur.
Marubeni will increase its supply of Molten Sulphur to customers in inland areas along the Yangtze River and also contribute to safeguarding the environment, and to the development of the agriculture and chemical industries in China.
|＜Hubei Harvin (Group) Chemical Co., Ltd.＞|
|Company name||:||Hubei Harvin (Group) Chemical Co., Ltd.|
|Head office||:||Wuxue City, Hubei Province, China|
|Business||:||Production of fertilizers|
|＜Jiangsu Zhenyu Chemical Co., Ltd.＞|
|Company name||:||Jiangsu Zhenyu Chemical Co.,Ltd.|
|Head office||:||Rugao City, Jiangsu Province, China|
|Business||:||Production and sale of Sulphuric Acid and steam, as well as the transportation and storage of Molten Sulphur|