More contracts to come I think31 May 2017 16:19
Since the start of 2017, the Company has won a total of seven contracts in the north and west of China to design, supply and install ethanol processing equipment and to commission the upgraded plants. Four contracts represent a significant increase in activity with existing customers which have, between them, a total new production capacity of 529,000 tonnes of ethanol per year. The increase in ethanol production capability will primarily be for use in the food industry. The Company attributes the increase in its activity to the recent change to Chinese legislation that restricted the use of food products, particularly corn, for the production of ethanol and to its increased marketing efforts in north China.