The proposed joint venture company will build a biorefinery based on Chempolis Formicofib technology using wheat straw as raw material. The biorefinery will produce 160,000 tons annually of non-wood pulp for paper making and biochemicals. The Chinese company will invest 22.5 million Euros in the joint venture, and Chempolis will invest 7.5 million.”For Chempolis, cooperation with a top non-wood papermaking company in China is a desired foundation for a biorefining joint venture,” states Pasi Rousu, President of Chempolis Asia Pacific.Henan Yinge is a leading edge company producing non-wood paper in China. It belongs to a conglomerate, Yinge Group, which is a publicly listed company. Henan Yinge produces fine paper, packaging paper and tissue with an annual papermaking capacity of 500,000 tons.