News blog

China New Energy Ltd

  • BY: Andrew Hore |
  • POSTED: 30/04/2012 |

Biofuels processing plant and technology supplier China New Energy Ltd has won a 20m order to upgrade a biofuel facility in Jilin Province, China.

The facility currently takes corn and converts it into ethanol and it will be changed into a plant using non-edible cellulosic plant waste into acetone, butanol and ethanol.

The 20m should be earned between now and the end of 2013.

At 4.38p a share, up 0.12p, China New Energy is valued at 13.6m.

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