Biggest bio diesel oil factory to be built in China
Chinanews, Nanjing, October 12 – The biggest bio diesel oil factory will be built in Nantong, Jiangsu Province in China, and the foundation stone laying ceremony having been held on October 10.
BIOLUX biological fuel Co., Ltd, the famous Austrian bioenergy enterprise, invested 120 million Euros on the project, making it the best present to celebrate the 35th anniversary of the establishment of diplomatic relations between the two countries.
The new factory will have the capacity of processing 700 thousand tons of rapeseeds every year after completion in 2007, producing 265 thousand tons of bio diesel oil and about 400 thousand tons of protein, which will mainly be shipped to EU.
Being the biggest rapeseed producer, China has nearly unlimited potential to extract bio diesel oil. What’s more, nearly 75% of China’s rape fields are located in the Yangtze River basin, near the new factory. With the help of expressway and ocean shipping, the factory will surely play a very important part in the world bio diesel oil market.