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Phillips Petroleum Corp. said a subsidiary has signed a letter of intent to build a single-cell protein plant to produce high-quality food for animals and people in China.
Provesta reached the tentative pact with China Huanqui Chemical Engineering Co., which is part of China`s Ministry of the Chemical Industry.
John Norell, Provesta president, said the adviser to the China National Food Industry Association of Peking ”estimates that in the next 10 years the potential for future protein production in China is promising.”
