China's Angel Yeast Plans to Invest 970 Million Yuan in Yeast Protein Project

en.Wedoany.com Reported - On September 1, Angel Yeast announced that its wholly-owned subsidiary, Yichang Company, plans to implement a core technology research and engineering project for yeast protein, with a total investment of 970 million yuan, a construction period of 16 months, and an expected start date of April 2027.

The project plans to build a new production line with an annual output of 20,000 tons of yeast protein and co-products, as well as a production line with an annual output of 4,000 tons of compound products, along with supporting public utilities such as environmental protection facilities.

The project has been reviewed and approved by the board of directors of Angel Yeast, and will subsequently need to be submitted to the company's shareholders' meeting for review and obtain approval from relevant authorities.