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Business
M&G Advances China Biorefinery
by Michael McCoy
August 4, 2014
| A version of this story appeared in
Volume 92, Issue 31
M&G Chemicals has advanced plans to build what it says will be the world’s largest cellulosic ethanol refinery. The company has formed a joint venture with China’s Anhui Guozhen in which it will hold a 70% stake. The partners plan to spend about $325 million to build a plant in China’s Anhui province that converts up to 1.3 million metric tons per year of agricultural residue into ethanol, glycols, and by-products such as lignin. M&G opened a smaller cellulosic ethanol plant in Crescentino, Italy, last year.
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