M&G Chemicals enters into a JV with Anhui Guozhen


M&G Chemicals announced that has entered into a Sino-foreign joint venture with Anhui Guozhen CO, Ltd. The new company – Anhui M&G Guozhen Green Refinery CO, Ltd – will employ Proesa technology licensed by Beta Renewables to convert 970,000-1,300,000 metric tons per year of agricultural residues into cellulosic ethanol, glycols and by-products such as lignin in Fuyang City (Anhui Province, PRC).

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