On July 8, during the 6th China Qinghai Structural Adjustment and Investment Trade Fair, Du Keping, Vice President of China Sinochem Group, and An Pingyu, Chairman of Qinghai Salt Lake Industry Group Co., Ltd. (Salt Lake Group), signed a cooperation framework agreement. Under the terms, Sinochem will participate in the capital increase of Salt Lake Group, acquiring approximately 25% equity and becoming its second-largest shareholder. The largest shareholder remains Qinghai Provincial State-owned Assets Investment Management Co., Ltd.
The capital injection is primarily aimed at supporting the second phase of the comprehensive utilization project of the Chaerhan Salt Lake, as well as the development of three key industrial clusters: potash, magnesium salt, and chlor-alkali. This strategic move highlights the vast potential of the region’s mineral resources, which include significant reserves of sodium chloride, potassium chloride, magnesium chloride, and lithium chloride—making it one of the richest salt lake areas in China.
With an integrated mining value exceeding 12 trillion yuan, the area holds tremendous potential for large-scale, sustainable development. The collaboration between Sinochem and Salt Lake Group marks a major step forward in leveraging these resources for long-term economic growth.
Sinochem Group, a state-owned enterprise under the State-owned Assets Supervision and Administration Commission of the State Council, has consistently ranked among the Fortune Global 500 companies for 15 consecutive years. Salt Lake Group, on the other hand, is China’s leading inland salt lake chemical producer, known for its unique resource endowment and production capabilities.
This partnership follows Sinochem’s previous investment in Salt Lake Potash Fertilizer two years ago, including participation in its share reform. Since then, Sinochem has invested over 1.5 billion yuan into the development of Qinghai Salt Lake resources, signaling a deepening commitment to the region’s industrial and economic growth.
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