China Hebi BMW Group's subsidiary.

The main business of BMW Group Hebi BMW Fertilizer Plant (formerly Hebi Fertilizer Plant) was founded in 1970, and was transformed into a private enterprise in April 2003. The enterprise has successively raised 390 million yuan to carry out many technical transformations on the original production line, and now it has reached the annual production scale of 6.5438+500,000 tons of methanol, 50,000 tons of alcohol ether fuel and 6.5438+200,000 tons of ammonium bicarbonate. Baofa Energy Technology Co., Ltd. has invested a total of 500 million yuan in the new energy project "Biodiesel Development Project with an annual output of 200,000 tons", which has been filed with the Provincial Development and Reform Commission, and is actively preparing for the preliminary work such as the construction of raw material base. After the project is put into production, it is estimated that the annual sales revenue will increase by 654.38+0.6 billion yuan, and the new profits and taxes will be nearly 200 million yuan. It can increase the direct income of farmers by more than 200 million yuan every year, and can resettle more than 654.38+100000 migrant workers, which has made due contributions to supporting the construction of new socialist countryside.