What are China New Borun's Business Segments?
Our principal product is corn-based edible alcohol. In our production of corn-based
edible alcohol, we also produce DDGS feed, corn germ and liquid carbon dioxide
as by-products. In March 2011, we completed our crude corn oil facility in our
Daqing facility and began to deep-process corn germ into crude corn oil. This
eliminated corn germ production in our Daqing facility. In July 2011, with the
completion of our crude corn oil facility in our Shouguang facility, we began
producing and selling crude corn oil instead of corn germ.
Edible Alcohol
Edible alcohol is a colorless, transparent solution of ethanol or a mixed solution
of water and ethanol that is produced through the filtration and refined distillation
of fermented grain and yeast. We produce our edible alcohol through the distillation
of fermented corn. Edible alcohol is an organic product used in various industries
to produce a wide range of other products including alcoholic drinks, cleaning
solvents, perfumes, cosmetics, dyes, medicines and fuel. The overwhelming majority
of our customers are in the beverage and food industry, followed by the chemical
industry and pharmaceutical industry.
We will shift our product mix to higher grade and higher price edible alcohol,
as well as sell more valuable by-products.
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