China’s Zanyu to Spend USD147.6 Million to Make Biodiesel in Malaysia
(Yicai Global) Zanyu Technology Group, a Chinese manufacturer of surfactants and oleochemicals, plans to invest CNY1 billion (USD147.6 million) to build a plant in Malaysia to branch out into the business of biodiesel production.
Zanyu’s new factory, located in the Palm Oil Industrial Cluster near the Port of Lahad Datu, is designed to have an annual output capacity of 200,000 tons of biodiesel, as well as a total of 350,000 tons of three other oleochemicals, including glycerin, the Hangzhou-based firm said in a statement yesterday.
The products are mainly aimed at entering the Malaysian market but will also be sold to other Southeast Asia countries, as well as the global market. READ MORE