China new energy acquires 88.5 percent of Boltech

China new energy (CNE) limited has announced it has signed a letter of intent with Guangzhou Zhongke Tianyuan Regeneration Resources Engineering Co Ltd to acquire 88.5 percent of the Bengbu Boltech Bio-technology Co Ltd. “This strategic acquisition is part CNE’s ambition to provide integrated solutions to the biofuel and biochemical industries. At present, the wide use of dry active yeast in China is limiting the efficiency and performance of Chinese ethanol producers, and therefore is not economically sound. Boltech’s liquid active yeast can help our clients reduce costs and achieve superior results.” said Mr. Zhaoxing Tang, Chief Executive Officer of CNE. Read more ...

Agritechnica: China arrives in force

Agritechnica the Worlds largest exhibition for agricultural machinery and equipment, is currently on in Hanover, Germany. One of the largest exhibiting countries at Agritechnica this year is from China With more than 80 exhibitors and a delegation of around 1000 agricultural, government and industry representatives, the Chinese representation is creating an impact in Hanover. Read more ...