Baosteel To Invest For Biofuels Plant, China

Published: Jul 15 2010
Deal Summary

Baosteel Group Corporation, a steel and iron company, announced to invest for the construction and development of biofuels project to be located near to the company's factories, China. The company has secured $25 million form investors for the construction of the project. The project will have a total installed capacity of 200 million liters of ethanol annually.

The construction of the project was awarded to LanzaTech, a clean technology firm. The plant will use waste gas emitted from the factory to produce ethanol. The construction of the project is expected to start by 2010.

You can receive detailed “Deals Analysis Alerts” delivered to you on a Monthly basis as part of GlobalData’s Clean Technology ResearchViews – sign up below to receive a FREE demo:
* Indicates Mandatory
*Name:  
*Company:  
*Email:    
*Country:  
*Phone Number:          
*Time Zone:  
Comments:

Send to friend

*Your EmailID:    
Message:
*Friend's EmailID: