COFCO Biotechnology (SHE:000930) directors approved the construction of starch sugar and allulose facilities, according to a Tuesday filing with the Shenzhen bourse.
The starch sugar facility has a capacity of 250,000 tons per year, with 150,000 tons per year of fructose syrup and 100,000 tons of glucose syrup.
Its D-allulose project has a capacity of 10,000 tons per year, the filing said.
COFCO Biotechnology will invest a total of about 880 million yuan for the projects, which are expected to finish in 20 months from board approval to startup.
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