Clean Power, China co. eye Canada canola plant

WINNIPEG, Manitoba Fri Jan 28, 2011 2:12pm EST

WINNIPEG, Manitoba Jan 28 (Reuters) - Clean Power Concepts Inc (CPOW.PK) said on Friday that it has formed a joint venture with China's Chongqing Grain Group Co. Ltd (CGG) to study the feasibility of building a 600,000-tonne canola crushing plant in Western Canada.

Clean Power would buy the meal produced at the plant, while CGG would buy the canola oil, Clean Power said in a press release.

CGG would be the majority owner of the plant.

(Reporting by Rod Nickel)

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