Home / Knowledge / News / Textiles / M&G Chemicals brings green revolution to polyester chain
M&G Chemicals brings green revolution to polyester chain
18
Nov '13
M&G Chemicals announces its decision to construct a second-generation bio-refinery in the region of Fuyang, Anhui Province of China for the conversion of one million metric tons of biomass into bio-ethanol and bio-glycols.

The project is expected to be realized through a joint-venture with Chinese company Guozhen which will make available one million metric tons of straw biomass and use the lignin resulting as a by-product from the bio-refinery to feed a 45 MW cogeneration plant which will be constructed at the same time as the bio-refinery in the same site. M&G Chemicals will be majority partner of the bio-refinery and minority partner of the power plant.

The bio-refinery will employ PROESA  technology licensed from Beta Renewables, a joint venture between Biochemtex (a company belonging to the Mossi Ghisolfi Group), US private equity fund TPG and Danish enzyme producer Novozymes.

The second-generation bio-refinery will be approximately four times the size (measured by volume of biomass processed) of that built by Beta Renewables in Crescentino, Italy, which was recently inaugurated.

The plant, which is expected to require capital expenditures of approximately half a billion US dollars, is expected to be brought on stream in mid 2015.

Necessary enzymes will be supplied by Novozymes, one of the world’s largest enzymes producers and one of the partners in the Beta Renewables joint venture, which owns the rights of the PROESA technology.

“This is the first act of a green revolution that M&G Chemicals is bringing to the polyester chain to provide environmental sustainability to both PET beverage packaging and polyester textile” said Mr. Marco Ghisolfi, CEO of M&G Chemicals. “The timing and scope of our green polyester revolution and our manufacturing entry in China from the green PET raw materials avenue is even more relevant considering The Coca-Cola Company has announced plans to use PlantBottle packaging, which is partially made from plants, for all of their PET plastic bottles across the globe by 2020.”, Marco Ghisolfi added.

“M&G Chemicals is today taking a big step towards a bio-based society where biomass is used for products like fuel, chemicals and plastics. We are incredibly excited to enable M&G Chemicals’ vision of producing bio-plastics on a commercial scale and are looking forward to the long-term collaboration”, says Thomas Videbæk, Executive Vice President and Head of Business Development in Novozymes.

“The second-generation bio-refinery and power cogeneration project is the core part of the Biomass Utilization Park that Guozhen plans to build in Fuyang City. Fuyang is rich in biomass resources; Guozhen is experienced in biomass collections and logistics; and M&G Chemicals owns the proven cutting-edge technology. Our cooperation will open a new era of biomass utilization and provide an effective solution for the full exploitation of biomass to tackle Chinese energy demand and environmental issues,” said Mr. Li Wei, Chairman of Guozhen Group.

“Fuyang City is a large agricultural region in northwest Anhui Province. The crop planting area is up to 1.2 million hectares with 6 MMt/y of straw biomass available. The second-generation bio-refinery and power cogeneration projects planned by M&G Chemicals and Guozhen Group are technologically advanced, economically feasible and environmentally friendly. Fuyang City will provide full support to biomass collection, site selection, and land acquisition with incentive policies.” said Mr. Lu Shiren, Standing Deputy Mayor of Fuyang City, Anhui Province.

M&G Chemicals


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search