www.cnchemicals.com         Bio-dynamic Group Announces Fuel Ethanol Production PlanOn January 6, 2011, Bio-Dynamic Group ...
www.cnchemicals.commanufacturing and investing all kinds of new vegetable colloid materials in the fields of food,medicine...
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Bio-dynamic Group Announces Fuel Ethanol Production Plan

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Industrial Biotechnologies China News is a monthly e-publication published by CCM International Limited, which focuses on befouls, bio-products, bio-based chemicals, bio-materials and industrial biotechnology applications, and offers latest investment hotspots, new technology & product, company & market dynamics, and government regulations, aiming to facilitate your insight into China's industrial biotechnology.

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Bio-dynamic Group Announces Fuel Ethanol Production Plan

  1. 1. www.cnchemicals.com Bio-dynamic Group Announces Fuel Ethanol Production PlanOn January 6, 2011, Bio-Dynamic Group Limited (or Bio-Dynamic Group) announced that thecompany and Shanghai Zhongwei Biochemistry Co., Ltd. (or Shanghai Zhongwei) entered into anon legally-binding framework agreement for establishing a joint venture engaged in theproduction and sales of cellulosic-based fuel ethanol made from kenaf.According with the framework agreement, the production facility with a production capacity ofover 10,000t/a will be launched in 2011 upon completion of construction; the capacity will beexpanded to 100,000t/a to 200,000t/a during 2012 and 2013 upon completion of construction.The registered capital of the joint venture will be about USD6,002,800 (equivalent toRMB40,000,000). Shanghai Zhongwei and Bio-dynamic Group will contribute certain intangibleassets (including technology and expertise) into the joint venture on a 75:25 basis as registeredcapital of the joint venture.According to an employee of Bio-Dynamic Group, Miss Chan, Bio-Dynamic Group will provideneeded facilities for fuel ethanol production as the company is already an edible-ethanolproducer in Harbin City, Heilongjiang Province; meanwhile, Shanghai Zhongwei will offer thecore technology of fuel ethanol production from kenaf. Currently, R&D stage has beencompleted but the project is still pending industrialization. Thus, whether the joint venture willbe set is still up in the air.According to Industrial Biotechnologies China News February 2011 issue, published by CCMInternational Ltd., unlike most producers of cellulosic-based ethanol adopting straw as rawmaterial, the joint venture will choose kenaf as raw material with several obvious strengths.On one hand, the arable area has been shrinking in China owing to environmental damages orland desertification; however, kenaf with high adaptability can grow on land not so fertile, highlyguaranteeing the stable supply. On the other hand, the kenaf planting can also help better the soilconditions, facilitating environmental protection in the long run. Furthermore, the adoption ofkenaf totally complies with the “non-grain ethanol” governmental policy promoted nationwidesince 2007. If the quality can meet the national standards, the company would have no bigconcern about the sales, according to Miss Chan, anyway, the domestic demand for fuel ethanolis tremendous in the future.Notes:1 Incorporated in the Cayman Islands with limited liability, Bio-Dynamic Group is a listedenterprise on the Hong Kong stock exchange market, who has an edible-ethanol production basewith 60,000t/a capacity in Harbin City, Heilongjiang Province.2 Shanghai Zhongwei is a Shanghai-based enterprise engaged in the researching, developing,Need more information or to purchase this report, please contact CCM at econtact@cnchemicals.com or on +86 20 37616606
  2. 2. www.cnchemicals.commanufacturing and investing all kinds of new vegetable colloid materials in the fields of food,medicine and fine chemistry.CCM’s Industrial Biotechnologies China News athttp://www.cnchemicals.com/Newsletter/IndustrialBiotechnologyNews.shtmlAbout Industrial Biotechnology China NewsIndustrial Biotechnologies China News is a monthly e-publication published by CCMInternational Limited, which focuses on befouls, bio-products, bio-based chemicals,bio-materials and industrial biotechnology applications, and offers latest investment hotspots,new technology & product, company & market dynamics, and government regulations, aiming tofacilitate your insight into Chinas industrial biotechnology.About CCMCCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staffof more than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis,Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its newproprietary product ValoTracer.Please visit http://www.cnchemicals.com for more information or contactecontact@cnchemicals.comCCM International, Ltd.Guangzhou CCM Information Science & Technology Co, Ltd.17th Floor, Huihua Commercial & Trade Mansion No, 80 Xianlie Zhong Road, Guangzhou510070, ChinaNeed more information or to purchase this report, please contact CCM at econtact@cnchemicals.com or on +86 20 37616606

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