Henan Tianguan starts supplying new energy

Henan Tianguan Group Co. Ltd., a Henan, China-based new energy and ethanol products provider, recently started a biogas project with daily production capacity of 500,000 cubic meters in Nanyang city of Henan province. It will be the biggest biogas project in the world. With total investment of RMB439 million (US$64.3 million), the project aims to provide clean energy for Nanyang households. Officers from Tianguan Group said this project gives the company an increase in annual revenue of RMB99.5 million (US$14.6 million) and annual profit of RMB31.5 million (US$4.6 million). (March 23, 2009)