JIC acquires 55 percent of GeneHarbor; to pursue cellulosic ethanol in Asia

In China, J.I.C. Technology said it would acquire a 55 percent stake in GeneHarbor for $2.22 million, and the two companies would construct a pilot cellulosic ethanol plant based on GeneHarbor’s genetic engineering technology. Following the pilot stage, the venture will commercialize the technology throughout Asia.

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