Sign in | Join free

Us$500m bio-polyester plant for china

Us$500m bio-polyester plant for china Source: www.ecotextile.com
Date: 25-11-2013
Visits: 276
Very Poor

biopolymers SHANGHAI – Leading PET resin manufacturer, M&G Chemicals, is looking to lead a ‘green revolution’ in the polyester chain with the construction of a US$500 million second-generation bio-refinery in China. Working in conjunction with Danish enzyme provider Novozymes, the new facility will convert wheat and corn into a raw material used to produce polymers that can be used in polyester textiles. It is expected on-stream by mid-2015.
 
The plant, to be built in the region of Fuyang, Anhui Province of China, is a joint-venture with Chinese company Guozhen which will make available one million metric tons of straw biomass and use the lignin resulting as a by-product from the bio-refinery to feed a 45 MW cogeneration plant which will be constructed at the same time as the bio-refinery in the same site.
 
The plant will employ PROESA technology licensed from Beta Renewables, a joint venture between Biochemtex (a company belonging to the Mossi Ghisolfi Group), US private equity fund TPG and Danish enzyme producer Novozymes. Enzymes will be supplied by Novozymes, one of the world's largest enzymes producers and one of the partners in the Beta Renewables joint venture, which owns the rights of the PROESA technology.
 
“This is the first act of a green revolution that M&G Chemicals is bringing to the polyester chain to provide environmental sustainability to both PET beverage packaging and polyester textile,” said Marco Ghisolfi, CEO of M&G Chemicals. "The timing and scope of our green polyester revolution and our manufacturing entry in China from the green PET raw materials avenue is even more relevant considering The Coca-Cola Company has announced plans to use PlantBottle packaging, which is partially made from plants, for all of their PET plastic bottles across the globe by 2020.”
 
“M&G Chemicals is today taking a big step towards a bio-based society where biomass is used for products like fuel, chemicals and plastics. We are incredibly excited to enable M&G Chemicals' vision of producing bio-plastics on a commercial scale and are looking forward to the long-term collaboration,” said Thomas Videbaek, executive vice president and head of business development with Novozymes.
 
Fuyang City is a large agricultural region in northwest Anhui Province. The crop planting area is up to 1.2 million hectares with 6 MMt/y of straw biomass.
like 360 Unlike 40
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Comment:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32341 Users
have already joined suntexasia.com. Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Email
Password
Enter the code
vkcdp
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
 
Members Login
Already registered
Email
Password
Forgot your password
golden fees
Enter your e-mail address
Choose your room