In China, UK Investor Magazine reports that China New Energy is doing its part to help combat the outbreak of coronavirus in China by donating 5 metric tons of medical grade ethanol produced by its clients to 17 local hospitals. Although the company designs technology to produce ethanol for transportation as well as potable alcohol, […]
In China, China New Energy Ltd told Alliance News that their success thus far in 2018 is thanks to changed government policies in China that have led to increased ethanol production and new contracts from existing and new customers. Pretax profit for the six months to the end of June rose to CNY12.0 million, or […]
In the UK, China New Energy has been awarded $16.8 million worth of new EPC contracts to build seven corn-based ethanol plants in northern and western China that will add additional production capacity of 529,000 metric tons per year, all of which should be commissioned next year. The company already announced projects for COFCO and […]
In the UK, China New Energy announced it has won a number of contracts with Supercare Group Limited of Ghana and CNBM General Machinery Co., Ltd in China to construct a new ethanol plant in Ghana. The contracts are in relation to the building of a cassava-to-ethanol plant in Ghana that will have a production […]
In the UK, China New Energy has signed its first North America deal worth C$3 million and has closed a funding round for GBP200,000 to an unnamed private investor. The shares were sold at a discount of more than 20% to its listed stock price on the UK’s Alternative Investment Market. The additional working capital […]
In the UK, China New Energy says its pretax losses widened during the first half of 2015 compared to 2014 despite a rise in nearly 40% more revenues during the period because of higher operating costs and costs of sales. CNE says most of its costs are during the first half of the year while […]
In the UK, China New Energy reports that its projects in Hungary and Thailand are proceeding well. Visontai Bioetanol Fejlesztő Korlátolt Felelősségű Társaság has informed CNE that the 30 million Euro project finance has been agreed with local banks and that CNE should expect to commence the construction of the 150 million liter per year […]
In China, China New Energy has received a contract to build another ethanol plant for Ubon Bio Ethanol in Thailand. The $16.6 million 100,000 metric ton per year facility should start development later this year and be online by 2016. The facility will use cassava as a feedstock, equal to Udon’s first plant that was […]
In China, China New Energy has decided against acquiring BAPP Ethanol, a wholly owned subsidiary of Sino Distillery Group, after the due diligence process resulted in findings not conducive to the takeover. As a result of ending the due diligence process, the company’s shares have resumed trading. The MOU to take over BAPP Ethanol was […]
In China, China New Energy has entered into a memorandum of understanding for a reverse takeover of BAPP Ethanol Holdings Limited. BAPP is a wholly owned subsidiary of Sino Distillery Group, a company listed on the Hong Kong Stock Exchange. CNE says that BAPP needs to carry out restructuring, prior to completion of the deal. […]
