Abundance Int'l enters JV to commercialize eco-friendly chemical production
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Abundance International Limited has formed a joint venture with Dalian Boyuan Innovation and Technology and Dalian Qinxing New Materials to produce eco-friendly chemicals. The JV will develop technology for commercial production of furan dicarboxylic methyl ester (FDME) from agricultural waste. Abundance Investments will hold 40% of the JV, while Boyuan and Qinxing will hold 40% and 20%, respectively. They plan to build a facility for producing FDME, with the technology patented by the Dalian Institute of Chemical Physics. The JV will also hold a 60% interest in the initial patent.
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