BRIEF-Shandong Ruifeng Chemical To Invest 320 Mln Yuan In Project Of Biodegradation Of Plastics

March 16 (Reuters) - Shandong Ruifeng Chemical Co Ltd :

* SAYS IT PLANS TO INVEST UP TO 320 MILLION YUAN ($45.69 million) IN PROJECT OF BIODEGRADATION OF PLASTICS Source text in Chinese: Further company coverage: ($1 = 7.0039 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)