On August 29, Gelonghui announced that Tongliao Shengda Biological Engineering Co., Ltd. 603079.SH ("Tongliao Shengda"), a holding subsidiary of the Company, intends to invest 270 million yuan to build a "project with an annual output of 20,000 tons of D-iso-ascorbic acid and its sodium salt", which will be implemented, operated and managed by the holding subsidiary Tongliao Shengda.
As a new water-soluble biotype food antioxidant, the safety of sodium D-iso-ascorbate and its sodium salt has been recognized by the World Food and Agriculture Organization and the World Health Organization (FAO and WHO), and has been proved to be a safe, efficient and non-toxic green food additive. It is widely used internationally, such as as food antioxidants, color additives, preservatives, in addition, in medicine and health, chemical industry is also widely used, over the years the market demand has been steadily rising. Compared with developed countries, China's sodium D-isocorbic acid is still very small in terms of application field and use. With the continuous improvement of the living standards of our people, the food industry will get faster development, D-isocorbic acid sodium as a green food additive, its market development prospects are immeasurable.
The project is in line with the national industrial policy and is also an important project for the company to implement the integration strategy, which is conducive to improving the company's comprehensive competitiveness in the market.
This article originated from Grand Gateway
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