This site uses third parties cookies. Continuing browsing beyond this banner you give the consent to their use (please click anywhere on this banner). More information and the possibility of refusing permission to the use of cookies is available within our Term of use. italiano english home page about us business human resources contact us media In Guido’s memory media News 28.07.2014 M&G Chemicals in JV with Anhui Guozhen (PRC) to build the world largest cellulosic ethanol bio refinery Luxembourg – 28July 2014 M&G Chemicals today announces that its wholly owned subsidiary M&G International S.à.r.l ("M&G") has entered into a Sino-foreign joint venture with Anhui Guozhen CO, Ltd ("Guozhen"). The company - Anhui M&G Guozhen Green Refinery CO, Ltd (the "Green Refinery JV") - will employ PROESA technology licensed by Beta Renewables to convert 970,000-1,300,000 metric tons per year of agricultural residues into cellulosic ethanol, glycols and by-products such as lignin in Fuyang City (Anhui Province, PRC). The biomass will be supplied by Guozhen under a long term fixed price agreement, and the enzymes needed for the conversion of the biomass will be supplied by Novozymes as earlier announced. M&G and Guozhen shareholding in the Green Refinery JV are 70% and 30% respectively and the total joint venture investment is estimated to be around USD 325 million, to construct what will be by far the largest cellulosic (i.e. using non food biomass) bio-refinery in the world. The two companies further expect to soon announce the creation of a second JV, to convert the lignin into steam and electricity. Marco Ghisolfi - M&G Chemicals CEO - said "I am excited about the completion of this first very important step towards the creation of the world largest second generation bio-refinery in Fuyang City and I would like to take the opportunity to thank Gouzhen management as well as the Fuyang City authorities for their partnership in this ground breaking and transformational enterprise". LiWei - Chairman of Guozhen Group - saidthisis a veryimportantprojectnotonly for Guozhen Group and M&G butalso for Fuyang city asitwill create a green and sustainableenvironment for Fuyang and bolster the local economy. About M&G Chemicals M&G Chemicals is among the three largest producers of PET resin for packaging applications in the world, and the second largest in the Americas, in terms of nominal capacity with 1,600 kMT/year, and with almost 1.4 MMtons/year of installed prime capacity, and employs more than 900 employees in more than 14 locations in six countries around the world. In 2013 M&G Chemicals posted an annual revenue of 1,675 million Euro. M&G Chemicals has manufacturing locations in Brazil, Mexico and the USA. Its plants in Suape (Brazil) and Altamira (Mexico) are the two largest single lines and most efficient (measured in terms of operating costs per metric ton) in the world and are based on proprietary technology. Through its engineering division Chemtex, M&G Chemicals provides technological development, research and engineering services for the construction of plants for customers in the polyester chain (including PET, polyester fibre and PTA production) and LNG industries. These activities are also aimed at enabling the production of PET resin 100% made from renewable sources. M&G Chemicals is an affiliated entity with the MossiGhisolfi Group. For further information: www.mg-chemicals.com About Guozhen Group Guozhen Group is an enterprise in Anhui Province, East China. With total assets of US$ 800 million, the group has been mainly involved in the business of environmental protection, natural gas, renewable energy, health and real estate, operating biomass power plant and CNG filling stations in Fuyang city. For further information: www.ahgze.com.cn Media Enquiries: M&G Chemicals -U.S.: Frank Clarke +1.212.935.0210 fclarke@strategy-xxi.com M&G Chemicals - Europe: Terry Tyzack – tyzack@fastwebnet.it News 2015 08.07.2015 Beverage Packaging Innovation recently had the opportunity to speak with Mario Barbieri, executive director of supply chain and upstream integration at PET resin supplier M&G Chemicals. The subject of the discussion was the upcoming development of the company’s groundbreaking Corpus Christi manufacturing site in Texas, which will be a game-changer for PET manufacture. 17.03.2015 Fundraising in Guido’s memory Everyone is invited to donate, it’s an open initiative for all who loved Guido. 04.03.2015 Guido Ghisolfi has passed away A very severe depression caused his untimely passing 19.01.2015 M&G Chemicals has completed the issue of $300 Million in new equity to TPG M&G Chemicals announces it has completed its issue of the USD 300 million in new equity to TPG Opportunities Partners and affiliated funds (“TPG”), as first announced in a November 13, 2014 press release. 2014 13.11.2014 M&G Chemicals Issues $300 Million in New Equity to TPG M&G Chemicals, a chemicals manufacturing and engineering company and a leading global supplier of polyethylene terephthalate (“PET”), announced today that it recently signed an agreement to issue USD $300 million in new equity to TPG Opportunities Partners and affiliated funds (“TPG”). 06.10.2014 BIOCHEMTEX and BETA RENEWABLES signed a contract with ENERGOCHEMICA SE for the construction of a 2nd Generation Ethanol plant in the Slovak Republic Biochemtex and Beta Renewables announce they have signed a definitive agreement with ENERGOCHEMICA SE for the construction of a 2nd Generation Ethanol plant and the annexed Energy Block for the generation of power and steam. 28.07.2014 M&G Chemicals in JV with Anhui Guozhen (PRC) to build the world largest cellulosic ethanol bio refinery 23.07.2014 The Court of Milan rules against Invista’s PET Barrier Bottle Patent 10.07.2014 European Patent Office Revokes Invista’s PET Barrier Bottle Patent 2013 18.11.2013 M&G Chemicals launches green revolution in the polyester chain M&G Chemicals announces today its decision to construct a second-generation bio-refinery in the region of Fuyang, Anhui Province of China for the conversion of one million metric tons of biomass into bio-ethanol and bio-glycols. 09.10.2013 The world's first plant for the production of second generation biofuels has been opened in Northern Italy 16.04.2013 M&G sells $350,000,000 PET sourcing agreement to Alpek S.A.B. de C.V. and Acquires IntegRex® PTA Technology License for use in Corpus Christi M&G PTA-PET construction project Houston, Texas. April 16, 2013 – M&G Group, announced today it has signed a Licensee Agreement with Alpek, S.A.B. de C.V. (Alpek) for IntegRex® PTA technology... 11.01.2013 M&G signs a US$ 1 billion EPC Contract with Sinopec Engineering(Group) Co.,Ltd. for the Construction of its Corpus Christi PET/PTA plants HOUSTON – January 11, 2013 – The M&G Group ("M&G"), one of the three leading producers in the Americas of PET for packaging applications, announced today that it has signed a US$ 1 billion engineering... 2012 29.10.2012 Beta Renewables and Novozymes to form strategic partnership in the cellulosic biofuel market 12.09.2012 M&G moving ahead with investment of its 1 million ton PET and 1.2 million ton PTA plants at Corpus Christi, Texas 23.05.2012 GraalBio Licenses Beta Renewables' PROESA Process to Build Brazil’s First Commercial Cellulosic Ethanol Plant 24.01.2012 Genomatica Secures Exclusive Worldwide Rights to Beta Renewables' PROESA for its BDO Process. 2011 13.10.2011 M&G Group Partners with TPG to Form BETA RENEWABLES, the Global Leader in Second Generation Bio-Ethanol and Bio-based Chemicals 13.10.2011 M&G Group and Chemtex Launch PROESA™ Technology to the International Financial and Business Community Sitemap | Terms of use M & G Finanziaria s.r.l. Registered Offices: Strada Ribrocca, 11 - 15057 Tortona (AL), Italy Alessandria Business Register, Company No. 02098590066 - Fully paid-up share capital €100,000,000