ASB Biodiesel Hong Kong builds Tseung Kwan biodiesel unit

22 February 2012 08:27  [Source: ICIS news]

SINGAPORE (ICIS) --ASB Biodiesel Hong Kong has started to build its 100,000 tonne/year biodiesel plant at Tseung Kwan in Hong Kong, a company source said on Wednesday.

The plant is being built by China Harbour Engineering Co (CHEC), which has signed a construction deal of around Hong Kong dollars (HK$) 504m ($65m) with ASB Biodiesel Hong Kong, the source said.

The plant is expected to be completed in December this year, the source said, without disclosing the scheduled start-up date of the plant.

The total cost of the project was not immediately available.

($1 = HK$7.75)

By: Adele Zhu

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