Cathay Forest Products acquires Eco-Energy China for $2.54 million, including 100,000 acre jatropha plantation, biodiesel production

In China,  Cathay Forest Products announced that it will acquire Guizhou-based biodiesel producer Eco-Energy China for $2.54 million. Cathay Forest manages 2.5 million acres of CHinese and Russian forest, and said that its expertise in forestry will assist in the management of Eco-Energy’s 100,000 acre jatropha plantation.

Eco-Energy also owns a biodiesel processing plant.

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