China Integrated Energy aims for waste-based Hainan province biodiesel plant

In China, China Integrated Energy has signed a non-binding letter of intent to acquire all of the assets of Hainan Lin Gao Chemical Co. where it plans to build a 300,000-ton bagasse-based biodiesel plant at this facility in Lin Gao County, Hainan Province. The Company is performing due diligence, and expects to complete the acquisition by the end of the first quarter 2011.

More on the story.