Shanghai CNPC Kicks off Bio-diesel Project
Year:2007 ISSUE:34
Click:326    DateTime:Dec.05,2007
Shanghai CNPC Kicks off Bio-diesel Project       

On October 28th, 2007 Shanghai CNPC Enterprise Group Co. Ltd. launched the first phase of 500 000 t/a bio-diesel project in Economic Area of Big and Plentiful Harbor, Jiangsu province.
    The total investment of the project is US$125 million, and the first phase has an investment of US$25 million.
   The first phase of the project includes a 100 000 t/a bio-diesel production line, and will be completed in March 2008.
   The construction on the second phase of the project is expected to be started by the end of 2008. After completion of the project, the sales revenue will be added by RMB530 million a year.
    Shanghai CNPC Enterprise Group Co. Ltd., a subsidiary of CNPC (China National Petroleum Corporation), is a large-scale comprehensive enterprise group majoring in industrial and commercial investment. Its main business scope is petroleum product, LPG, gasoline station and civic gas net, etc.