Golden Hope ties up with Cognis, Lonkey Industrial

Golden Hope Overseas Capital (GHOC) has signed a joint-venture agreement with Cognis Oleochemicals (HK) Ltd. and China’s Lonkey Industrial Co. Ltd. to establish Guangzhou Keylink Chemical Co. Ltd. The new company will manufacture, distribute and sell methyl ester sulphonates (MES), an oleochemical derivative used in the production of detergent. The collaboration will further strengthen Golden Hope’s biodiesel business by capitalizing on the potential of MES as a replacement for linear alkybenzene sulphonate in the detergent industry. Golden Hope also sees the contract as a way of strengthening its presence in the downstream activities of the oleochemical derivatives business. (October 16, 2006)