Summary:
Jilin Xuxin's 120,000 t/a refined corn oil project, the first phase of
Pliith's 350,000 t/a PLA project and Shouguang Golden Corn's 200,000 t/a
lysine project are expected to start production in Nov.
Jilin
Xuxin Oil Co., Ltd. (Jilin Xuxin)'s 120,000 t/a refined corn oil
project is expected to enter the production phase at the end of Nov.,
according to a news report on 9 Nov. This project is an extension of
Jilin Xuxin's 360,000 t/a corn germ pressing and leaching project.
Project overview:
Location: In the existing factory of Cargill Industrial Park, Songyuan Economic Development Zone, Jilin Province
Total investment: USD11.15 million (RMB80 million)
Floor area: 4,800 m2
Construction content: Build oil refining workshop, packaging workshop, oil tank and other facilities
Product scheme: Refined corn oil (120,000 t/a)
Progress:
Commencement of construction: April 2022
Equipment commissioning: Late Oct. 2023
Production (estimated): At the end of Nov. 2023
Estimated
economic benefits: This project is projected to generate USD41.80
million (RMB300 million) and USD4.18 million (RMB30 million) in pre-tax
profit once it reaches full capacity.
Jilin
Xuxin was established in May 2018 with a registered capital of RMB94.54
million. It is now able to process 360,000 t/a of corn germ and produce
130,000 t/a of corn salad oil, 216,000 t/a of corn germ meal and 20,000
t/a of sprayed corn germ meal.
Pliith
Biotechnology Co., Ltd. (Pliith) held a ceremony on 14 Nov. celebrating
the full operation of the first phase of its 350,000 t/a polylactic
acid (PLA) project.
Pliith
invested USD278.64 million (RMB2 billion) in the construction of the
first phase with an annual output of 50,000 t/a of PLA and 75,000 t/a of
lactic acid. The first phase was commissioned at the end of June 2023.
(For more details, please refer to the "First phase of Pliith's PLA
project commissioned" in Corn Products China News 202307). In Sept., Pliith started the production of 75,000 t/a lactic acid.
The
on-site promotion meeting for the high-quality economic and social
development of Weifang City held in late Oct. mentioned that Shouguang
Golden Corn Biotechnology Co., Ltd. (Shouguang Golden Corn) will put its
200,000 t/a lysine project into production in Nov.
This
project is planned to produce 200,000 t/a of lysine by the fermentation
of self-produced corn starch. In March 2023, Shouguang Golden Corn
started to construct this project in Juneng Golden Corn Bio-based New
Materials Industrial Park, Shouguang High-Tech Zone, Shandong Province
with USD139.32 million (RMB1 billion). At the end of Oct., it completed
the main construction work and will start commissioning and production
in Nov.
Shouguang
Golden Corn is a subsidiary of Shandong Shouguang Juneng Golden Corn
Co., Ltd. which is part of the Golden Corn Group. This project will
raise Golden Corn Group's lysine capacity to 500,000 t/a, ranking among
the top three in China, and it is expected to generate USD208.98 million
(RMB1.5 billion) in revenue and USD20.90 million (RMB150 million) in
pre-tax profit annually.
Source:CCM
More information can be found at CCM Corn Products China Monthly Report.
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