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China Integrated Energy to build second-generation plant
Source : biodieselmagazine.com
China Integrated Energy Inc. has announced the signing of a nonbinding letter of intent to acquire the complete assets of Hainan Lin Gao Chemical Co. Ltd. According to China Integrated Energy, the company intends to build a 300'000 ton-per-year (90 MMgy) biomass-to-liquid plant at Hainan Lin Gao Chemical's site in the Hainan Province. Due diligence activities are currently underway, and the acquisition is expected to close during the first quarter of 2011. The project is scheduled to be developed in stages. The first stage, which includes construction of a 100'000 ton-per-year production line, is expected to be complete approximately one year after the acquisition closes. The acquisition will include the land-use rights to approximately 15 acres of land and built-in infrastructure, including power, water, and waste treatment. Additional assets to be included in the transaction include an oil storage facility with 15'000 cubic meters of capacity.
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10 January 2011 |
Information ::
Biodiesel ::
Asia
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Articles from 10 January 2011 (59 articles)
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