On July 31, 2019, Heilongjiang Jinxiang Biology & Chemistry Co., Ltd. (Heilongjiang Jinxiang), a subsidiary under Xiangyu Group, conducted a test run for its corn deep-processing investment project, where a production capacity of 1.50 million tonnes of corn can be reached per year. It is worth mentioning that by now Xiangyu Group is already able to produce 3 million tonnes of corn annually in Heilongjiang Province.
As is shown
in public information, the deep-processing investment project where 1.50
million tonnes of corn can be produced each year is in the control of Heilongjiang
Jinxiang. The project started with construction in August 2017. It is reported
that a total investment of more than RMB 4 billion (USD 0.58 billion) has been
spent. After the completion of the project, 1.50 million t/a of corn, together
with 700,000 t/a of crystalline dextroses, 300,000 t/a of sugars for
fermentation, 100,000 t/a of threonine, and 10,000 t/a of tryptophan are able
to be produced.
is mainly based on Starch Sugar Industry Centre, Energy Conservation
and Environmental Protection Centre, and Biotechnology Centre. The purpose is to improve the
strategic development between the starch sugar industry and the amino acid
industry in China, in tight coordination with relevant Chinese policies
concerning the cultivation of industrial clusters for corn deep-processing
projects. With the help of the best grain source from the area of Suihua as
well as the strong ability of grain purchase and management from Xiangyu Group,
it is not difficult to produce 1.50 million t/a of corn, 700,000 t/a of
crystalline dextroses, 300,000 t/a of sugars for fermentation, 100,000 t/a of threonine,
and 10,000 t/a of tryptophan, according to some market insiders.
1995, Xiangyu Group is a huge state-owned enterprise with a head office in
Xiamen. With a staff of over 10,000 people, the enterprise owns more than 300
investment companies and 200 wholly-owned and holding investment companies.
Xiangyu Group is involved in different fields of investment, such as supply chain management and distribution services, public service platform and industrial real estate development, real estate, as well as integrated financial services and equity investment. At present, Xiangyu Group is placed among the top 500 enterprises not only in China but also in the world.
At the moment, Xiangyu Group has spent totally more than RMB 15 billion on the investment in Heilongjiang Province, with 7 huge modernized grain storage logistics centres in various main grain producers in China, including Fujin, Beian, Suihua, Yian, Wudalianchi, Nenjiang, and Nahe. The total storage capacity of those grain storages gets to 17,500,000 tonnes. Besides, the enterprise also devotes itself to different charity activities by supporting 1 million Mu (666,666,666.67 square meters) of planting, from which over 200 thousand farmers are beneficial. In the field of circulation, Xiangyu Group has its own logistic channels based on highways, railways and shipping for transferring grain from the north to the south.
For more information about China’s corn market, please have a look at our monthly newsletter Corn Products China News.