November 12, 2012
Guizhou Bailing to develop bio-organicfertiliser project
Guizhou Bailing Group Pharmaceutical Co announces the development of a bio-organic fertiliser demonstration project.
It is said that the bio-organic fertiliser will be made from medicine herb residue.
In order to execute the project successfully, Guizhou Bailing plans to acquire some stake in a Guizhou-based chemical fertiliser company and invest in it. After the acquisition and investment, Guizhou Bailing willhold a 70% stake in the chemical fertiliser company.
With an optimistic attitude towards the prospect of China's microbial fertiliser market, Guizhou Bailing has decided to follow the trend and set foot in the industry in order to extend its industrial chain.
It is said that the project is designed to annually process 30,000 tonnes of medicine herb residue. Meanwhile, two production lines that produce microbial fertiliser from medicine herb residue will be constructed and produce 20,000 tonnes of the product annually.