M&G AND ANHUI GUOZHEN FORM JV FOR CELLULOSIC ETHANOL PLANT

摘要

A joint venture (JV) of an M&G Chemicals subsidiary and China-based Anhui Guozhen Co. Ltd. has been created to develop a commercial-scale cellulosic ethanol plant in Fuyang City, Anhui province. The project was first announced 2013. The plant will be developed by Anhui M&G Guozhen Green Refinery Co. Ltd., a JV between M&G International-a wholly-owned subsidiary of M&G Chemicals-and Anhui Guozhen Co. Ltd. M&G International will hold 70% in the JV while Guozhen will be holding the remaining 30% share.