Tianguan Group mulls CNY30m Henan biodiesel unit

15 September 2006 10:30  [Source: ICIS news]

SINGAPORE (ICIS news)--Tianguan Group, a Chinese ethanol producer, is considering investing CNY30m ($3.8m/€3.0m) to build a biodiesel plant in central China, a company source said on Friday.

The company was waiting for the Chinese government to announce its eleventh five year plan (2006-2010) on alternative fuels before starting construction on the 30,000 tonnes/year project at Nanyang, Henan province, he added.

The proposed unit, based on waste cooking oil feedstock, was originally targeted to start up by end-2006, he added.

By: Florence Tan
+65 6780 4359

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