IHS Chemical Week

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M&G forms JV with Chinese firm to build $325-million biorefinery in China

5:26 AM MDT | July 29, 2014 | Clay Boswell

M&G Chemicals says that its wholly owned subsidiary, M&G International, has formed a joint venture with Anhui Guozhen Co. (Guozhen) to build a $325-million cellulosic biorefinery at Fuyang, China. M&G will hold a 70% stake in the company, Anhui M&G Guozhen Green Refinery Co., and Guozhen will hold the remaining 30%....

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