18 January 2012 08:50 [Source: ICIS news]
The turnkey contract, covering engineering, procurement, construction and commissioning works, was awarded by a joint venture between GlycosBio Asia and
The name of the joint venture was not immediately available.
The new plant, which will produce industrial-grade bioethanol from crude glycerine, is scheduled to be completed in the second quarter of 2013, Toyo Engineering said.
The project will be developed in several phases and its production capacity is expected to be 30,000 tonnes/year by 2014, the firm added.
GlycosBio Asia is a subsidiary of US-based Glycos Biotechnologies, which deals with renewable, high-value specialty chemicals, while Bio-XCell owns and develops a biotechnology industrial park in
Financial details of the contract were not disclosed in the statement.
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