Day: 18. September 2014

Whereas subsidies for starch-based bioethanol production will run out from 2015, subsidies for cellulose-based bioethanol will be offered to companies such as Lucida Biologics, Day Crown, COFCO and other enterprises.The subsidy will be up to 1200 Yuan/t China Bio news release, Sept. 18, 2014

The reason for this move was not disclosed but it is assumed that the enterprise did not comply with the GMP requirements or violated the Drug Administration regulations. It is surmised that that business impact on the company’s production is not excessive, because the cost of non-compliance is quite low. China Bio news release, Sept. […]