I agree with you skyhi, after all this time researching Chongqing Grain Group and Clean Power Concepts (including Mr. Shenher's record), there is a very high probability for the deals reaching the 'definite contract' phase. I haven't seen anything that would indicate otherwise, all the news coming from CPOW show only a forward movement in order to be ready for the deals ahead.
And that is only to begin with, since due to all the surounding circumstances regarding the oil and food prices skyrocketing this year, will benefit CPOW also. The demand for biodiesel is increasing by the day. And when Mr. Shenher goes to China to speak on the World Congress of Bioenergy in April there is a good oportunity to make more contacts and deals with the Chinese on the biodiesel area, since they have already a great demand for it.
Connecting the dots, here are two articles that give us an idea of who is CGG and what is doing related to the deals with CPOW. The first article is from the CGG website (traslated with 'google translate'). We can see why CPOW is taking the actions it anounced involving Brazil, they say there, they plan to ship soybean and rapeseed from Brazil to Canada for processing:
Chongqing Food Group chairman, party secretary Hu Junlie emphasized at the signing ceremony, Jingjiang grain and oil processing as a logistics base in Chongqing Food Group, Brazil, Canada, high-quality grain and oil base supporting the project, for Brazil to undertake high-quality soybean, rapeseed shipped back to Canada, the domestic high-quality transit, processing, , distribution and trade, accelerate the Group's network of national market system, to promote grain logistics zone in Jingjiang Economic Development Zone, construction, speed up economic development Jingjiang is very important. The project covers 500 acres, invest 10 billion yuan. After completion, the annual turnover of 100 billion yuan and profits 200 million yuan, providing 400 jobs
Chongqing Food Group built 5.7 billion Brazilian soybean base - soybean, grain Group - Food Industry
Invited by the China International Trade Promotion Council, last week, Chongqing Municipality to attend Food Group's chairman Hu Junlie held in Brazil in the "BRIC" summit, together with Sinopec, speaking on behalf of the Chinese entrepreneurs, Hujun Lie first revealed at the meeting, The total investment of soybean based CMB 5.75 billion yuan.
"BRIC" summit are China, Brazil, Russia, India and trade between the four countries Cooperation With the exchange, since 2006, and gradually carried out in different areas and different levels of dialogue and cooperation, this is the second summit.
Hujun Lie said that in two years time, six food group has formed a delegation to visit Brazil, China and Pakistan co-operation to achieve high-quality soybean bases build involving laws and regulations, investment policy, soil, climate, customs, soybean production operating mode of system information.
Urban Food Group has also hired China International Engineering Consulting Corporation on high-quality soybean base construction project feasibility study to the U.S. consulting firm McKinsey Consulting, the decision to invest 5.75 billion yuan, with Brazil and build a base of 300 million mu of high-quality soybeans.
With an investment 2.203 billion yuan, in the city of Bahia Kelundina "Happy Plateau," Building 162 acres soybean base
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