In China, Angel Yeast, a globally listed yeast and yeast extract manufacturer, has signed an agreement with Beijing PhaBuilder Biotechnology Co., Ltd to jointly build a polyhydroxyalkanoates bioplastics plant in in Yichang, Hubei province.
The 30,000-ton plant will begin construction this month and is expected to be completed in September 2023. The cost was not disclosed.
“This collaboration with PhaBuilder marks a milestone and a significant step forward for Angel Yeast in synthetic biology. At Angel Yeast, we are very keen on innovation and exploration of new landscapes in the industry. This project is also part of our efforts to be an international and professional biotechnology company,” Tao Xiong, chairman of Angel Yeast, said in a press statement.