China's Biggest Fuel Ethanol Project making progress

By | November 01, 2002
On November 19th, a source learned from China Jilin Fuel Ethanol Co., Ltd. that the major part of China's biggest Fuel Ethanol project had finished and project had stepped into installation phase. The total investment of this project is RMB 2.9 billion with a capacity of producing 600,000 ton fuel ethanol. It will make China one of the world largest fuel ethanol producers.

Dai Baolin from Jilin Fuel Ethanol Co., Ltd. says, "This project will be officially come into production in September 2003". Dai further confirms, "This project is jointly invested by China National Petroleum Corporation, Jilin Grain Group Co., Ltd., and China Resources Corp." According to the feasibility report, the total investment of the project is RMB 2.89 billion,