No coin nor oath required. For personal study only.
Honeywell's subsidiary UOP and China National Petroleum Corp have decided to collaborate on biofuels projects in China. Under the agreement the two companies will collaborate on a range of biofuels technologies, and biodiesel and green jet fuel projects in China. Locally available Chinese feedstock will be largely used in these projects. CNPC is also evaluating a demonstration scale unit for producing biodiesel by utilising UOP's technology, either at an existing facility or at a new facility. It is understood that China has mandated a 15% blending of biofuels with transportation fuels by 2020. Owing to concern about the impact of first generation biofuels on food crops, the Chinese biofuel blending target looks far-fetched. UOP produces renewable jet fuel from non-food feedstocks such as camelina oil, animal fats, and algae.
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incurring losses for some time now. (1
also rejected the latest offer of $38 per share. BASF is "considering all its options." Engelhard is also to increase the size of its board from six to nine members.
## GTPC expands its microspherical catalyst production Gansu Tristar Petrochemical Group Co (GTPC) is to invest RMB 20 M in a production expansion of its second set equipment for microspherical catalyst. Following this expansion, production capacity will rise from 10,000 tonne/y to 13,000 tonne/y.