China's Jiaao Enprotech Leaps on USD155 Million Biodiesel Deal With Shell Unit – Advanced BioFuels USA
(Yicai Global) Shares in Jiaao Enprotech soared by as much as 7.25 percent today after the Chinese chemical product maker penned a CNY1 billion (USD155 million) biodiesel supply deal with the Singapore subsidiary of oil major Royal Dutch Shell. Jiaao Enprotech’s stock price [SHA:603822] closed up 4.25 percent at CNY15.95 (USD2.48) today. Earlier in the day it had reached CNY16.41. Shell International Eastern Trading will purchase a total of 150,000 tons of European Union-standard biodiesel fuel from Jiaao Enprotech over a three-year period starting from July, the Tongxiang, eastern Zhejiang...