Abundance International Forms China JV for Environment-Friendly Chemicals
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Abundance International has formed a joint venture with Dalian Boyuan Innovation and Dalian Qinxing New Materials in China to develop environmentally friendly chemicals. The 60 million yuan project will utilize patented technology from the Dalian Institute of Chemical Physics to produce furan dicarboxylic methyl ester (FDME) from agricultural waste. Each partner will hold 40% equity, with Dalian Qinxing holding 20%. The initiative aims to meet the rising demand for sustainable materials in packaging and textiles.
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