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US firm in 10 year advanced biomass deal for China

Sino Bioenergy signs contract to supply rice super seeds to China’s Jiangxi Jingcai Nonglin Science and Technology for a decade

rice seeds will form the staple of the new bioenergy deal in China

A US firm looks set to help boost China’s bioenergy sector after signing a deal to supply advanced biomass to the country for a decade. US company Sino Bioenergy Corp (SFBE) has signed a 10 year contract to supply rice super seeds to China’s Jiangxi Jingcai Nonglin Science and Technology (JJN).

SFBE’s subsidiary, Huizhou Shi Ji Wu Feng Agricultural Biotechnology (HB), has signed the agreement to supply JJN with the rice super seeds to use as biomass for bioenergy conversion.

SFBE said the “genetically improved” rice, which is produced at the HB laboratories offers better qualities than normal rice. “Our super rice seeds are disease resistant, high yielding genetically improved rice with the transgenic rice grain length increased by 25 per cent over normal rice,” the company said. “It produces lower chalky rice with a 23 per cent weigh gain and 10 per cent grain number increase.”
 
Daniel McKinney, CEO, said: “This 10 year contract to supply our rice super seeds is a significant step for the company in executing our business plan.”

The business plan also includes supplying biomass factories to municipal governments and supplying biomass factories to produce green electricity and organic fertiliser.

The 10-year contract is expected to generate USD 1.46m in sales for 2013 increasing to USD 14.6m in 2014 and a projected USD 43m by 2015. The contract includes consulting and technical guidance, as well as providing promotional materials to JJN.

Other US companies are making developments in progressing bioenergy across the BRIC countries. This includes firm SGB, which signed a “landmark” deal in Brazil, to advance Jatropha as an alternative energy crop in January this year.