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JIC Invests in Three New Alternative Energy Projects
Date:4/22/2008

eater China region and Southeast Asia.

GeneHarbor, founded in 2000, is a private biotechnology company in Hong Kong. The company focuses on the development of innovative biotech products, enzymes in particular, and medical products. GeneHarbor's technology platform, which integrates the current knowledge and techniques in genetic engineering, protein engineering, biochemistry, genetics, industrial fermentation, bio- informatics, organic chemistry, computer design, high-throughput-screening and industrial enzymology, is highly effective in generating novel products tailored for industrial, agricultural, pharmaceutical and environmental application. The company has conducted research on bioethanol since 2001.

Currently, there is a limit as to how much ethanol can be produced from sources such as corn and sugar. Given demand for these feedstocks are placing tremendous pressure on food prices, it is important that non-food feedstock be used. Cellulosic ethanol is a biofuel made from lignocellulosic biomass materials, such as wood residues and grass. Because cellulosic plant materials are so common, cellulosic ethanol has the potential to become a major non-food feedstock. It makes use of related cellulose-digesting enzymes sourced from GeneHarbor or its production factory. The Technology entails advanced technology and processes developed by GeneHarbor to produce ethanol at reasonable cost using cellulosic biomass.

HKC (HOLDINGS) has been working toward tapping the growing alternative energy sector over the past few years, with the latest move being the acquisition of a majority stake in an ethanol plant in Chongqing in March 2008. In addition to the ethanol plant and the three latest JIC projects, the Group has been investing in several other alternative energy projects, including investing in two 30MW wind power stations in Heilongjiang, which have already begun generating electricity and are contributing revenues; obtaining the preferential right
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SOURCE JIC - to be renamed as Hong Kong Energy (Holdings Limited)
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