China’s SDIC to Build 600,000-Tonne Ethanol Plant in Heilongjiang
(Times of India/Reuters) China’s State Development & Investment Corporation (SDIC) signed a framework agreement to build a 600,000-tonne ethanol plant in northeastern Heilongjiang province, state media said on Tuesday, as the company pushes to dominate the country’s growing ethanol industry.
The 3 billion yuan ($452 million) facility will be built in Fujin city near the Russian border, the Heilongjiang Daily said.
State-owned SDIC told Reuters last month it aimed to produce 4 million to 5 million tonnes of ethanol a year in the next three to five years, around double the nation’s current output, to profit from a new policy promoting ethanol use in gasoline across the country.
It has begun building its first ethanol plant in Liaoning province, and has said it plans to build another five plants in Jilin and Heilongjiang provinces. READ MORE