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Tootoo.com Comments on BP’s Investment on Renewable Energy Base in Pixian, China

2008-09-16 16:36 432

BEIJING, Sept. 16 /Xinhua-PRNewswire/ -- Tootoo.com has learned from the Investment Promotion Bureau Pixian county, China that British Petroleum (BP) China Investment Company has officially signed an agreement with Pixian County, Chengdu, China, on building a renewable energy production base ( http://www.new-energy-supply.com/ ) in a modern industrial port in the South Area of Chengdu, that uses crop stalks to product fuel particles.

(Logo: http://www.prnasia.com/sa/200806051826.jpg )

British oil companies ranks the fourth in the world’s top 500 companies. The company has successfully developed straw production to fuel particles in India, and promoted it to millions of Indian farmers, which was well received for its good economic and social returns. The British Petroleum (BP) China investment companies import equipment from the Netherlands to build clean fuel production lines in Pixian County. The stalk will be shredded, dried and extruded. After processing, the straws will turn into coarse fuel ( http://www.new-energy-supply.com/ ), that measures 3-4 centimeters, 0.8 centimeters in diameter. "After completion of the production base, larger farms can reduce fuel expenditure, while and easing fuel shortages ( http://www.new-energy-supply.com/buy-fuel/ ) in rural areas. The controlling of rural straw combustion will reduce air pollution," He yang, the deputy director of Investment Promotion Bureau Pixian county told. As the amount of sulphur dioxide produced after straw fuel combustion is only 20% of Coal, fuel straw will become a cheaper and cleaner alternative in areas where the farmers cannot use natural gas ( http://www.new-energy-supply.com/buy-natural_gas/ ). It is reported that British Petroleum will also produce straws for fuel stoves.

According to reports of Tootoo.com, the project involves a total investment of 2.9 million U.S. dollars and registered capital of 2 million U.S. dollars. After completion of products base, it can consume 50,000 -6 10,000 tons of straw, which is 30% of total straw yield of Pixian County, with an annual output of fuel capacity up to 30,000 Tons. Once the renewable energy production base ( http://www.new-energy-supply.com/ ) can be operated successfully in Pixian County, the company may also build production lines in neighboring districts and counties in Chengdu.

Source: Tootoo.com
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