CHINA – China Integrated Energy, a private integrated energy business, has devised a plan to double its diesel manufacturing capacity to 200,000 tons from the current volume of 100,000 tons.
Its new biodiesel manufacturing facility at Tongchuan City is expected to be commissioned during the last quarter of this year, according to Azo Cleantech.
In addition to this, the company has plans to purchase a biodiesel plant with 50,000 tons production capability before the end of September this year. The company is expected to invest around $31.5 million to achieve this goal.
During the 2nd quarter of 2010 the company has achieved a sale of 22,500 tones, thus resulting in 29.3 per cent increase in sales volume corresponding to the same period of the year 2009 and a clear 22.5 per cent increase in its first quarter sales. During this period the marketing price of the biodiesel went up by 21.3 per cent concurrently with the existing price of diesel.
Gao Xincheng, China Integrated Energy’s CEO, said the company witnessed a surge in its biodiesel sales to 56.8 per cent during the 2nd quarter of 2010 in comparison to the same period in the year 2009. He attributed bulk growth and pricing for this increase.
For more information about Biofuel Investments please visit www.sceptreinternational.com.