Cofco to extend biofuel investment

Cofco Ltd.’s listed arms will extend their biofuel investments in China, said Yue Guojun, assistant president of the major Chinese grain trader. Such investments will be made in non-grain ethanol fuel production facilities, with a focus on fiber-based ethanol fuel, said Yue. Yue didn’t provide further details of the listed arms’ investment plans, but China Agri-Industries Holdings Ltd. and Anhui BBCA Biochemical Co. Ltd. are Cofco’s two listed units that have either biofuel or ethanol fuel businesses. Cofco has three ethanol fuel producing plants, with the Guangxi-based plant being the only operating ethanol fuel facility in the world that is based on non-grain ethanol fuel production, Yue said. (March 11, 2010)