Ming Yang Group signed the agreement with Gushi county of the biomass energy project investment

On April 20 afternoon, Ming Yang Group and Gushi County held the signing ceremony of the biomass energy base project investment. The signing of the agreement indicated the project of biomass energy base has proceeded into the full implementation phase. Zhang Chuanwei( Ming Yang group chairman of the board of directors) and Ma Qiming(secretary of the party committee ) attended the signing ceremony, and Jiao Yuru (municipal standing committee of Xinyang city), Qu Shangying(county magistrate of Gushi) and Fu Fule (the chief expert on castor oil of Chinese Academy of Agricultural Sciences Institute) et al. also participated in the ceremony.

Zhang Chuanwei addressed in his speech that Ming Yang Group plans to spend three years to build a whole industrial chain system from plant to deep processing and then to logistics with the headquarter of biomass energy development in Gushi , 4 planting, producing and preliminary working bases covering Hubei Province, Henan Province, Anhui Province, northwest, northeast and southwest regions of China, and high-end manufacturing in Gushi ultimately. By this way, Constructing Ming Yang as a biomass energy industry leader in China even in the global.

Jiao Yuru said in his speech that biomass energy base project is a commendable project which is currently the largest investment amounts, highest tech, most complete industrial chain and most consistent with current new national industrial policy. The implementation of the project is a positive role in promoting the economic and social development of Gushi. Jiao Yuru indicated that to escort the project construction and ensure an early starting, early production and early profit-earning, party committees and governments at all levels of Gushi county should play a role as good serves to do the works in a more detailed, more solid and more specificity way.

Zhang Chuanwei and Qu Shangying signed the agreement representing the both parties.

According to the agreement, Ming Yang Group planed to invest 3 billion CNY to introduce the world’s most advanced biological energy and chemical technology, collaborate with Castor Engineering Research Center of Nankai University, produce biomass energy and high value-added fine chemical products using the rich resources of tung seed and castor in Dabie Mountain area, build the green recycling industrial base and national bio-energy R&D base covering Hubei Province, Henan Province and Anhui Province with the headquarter in Gushi. After the completion of the project, it will realize an annual output value of 10 billion CNY.