Chinese Biodiesel Industry to Enter Promotion Stage

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Industrial Biotechnologies China News focuses on biofuels, bio-products, bio-based chemicals, bio-materials and industrial biotechnology applications, offers latest investment hotspots, new technology & product, company & market dynamics, and government regulations, aiming to facilitate your insight into China's industrial biotechnology.

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Chinese Biodiesel Industry to Enter Promotion Stage

  1. 1. www.cnchemicals.com Chinese Biodiesel Industry to Enter Promotion StageGuangzhou China Nov. 12,2010 - According to the Middleand Long-term program ofRenewable Energy Development,issued by the State Council inAugust 2007, biodieselconsumption volume will reach200,000 tonnes by 2010 and 2million tonnes by 2020, andChinas total biodiesel capacityby 2020 will be forty timescompared with that by 2005.This program shows that Chinesebiodiesel industry will enter industrial promotion stage during the 12th Five-Year Plan(2011~2015) of China. During the time, many favorable policies are estimated to issue, such astax preference and imposing biodiesel use in many provinces for Chinese biodiesel industry.In fact, Chinese government officially announced B5 biodiesel standard in late October 2010,which could be seen as a mark for Chinese biodiesel industry entering industrial promotion stage.There was no related formal biodiesel standard in China. Therefore, the issue of B5 biodieselstandard will provide a legitimate pass for biodiesel to be sold in national gas stations andalleviate the long-term lack of sales channels for biodiesel to a certain degree.According to Industrial Biotechnologies China News November Issue, biodiesel still can notcompete with traditional diesel made from oil, due to obvious price disadvantage. Moreover,supply of traditional diesel is sufficient enough, and several domestic large-scale oil enterpriseshave been continuously expanding their traditional diesel capacity in recent years.Until now, only Hainan Province has implemented B5 biodiesel standard. However, in order topromote biodiesel use in China, Chinese government will certainly popularize biodiesel use inother provinces during 2011~2015, which will gradually improve the long-term undesirableperformance of biodiesel industry, revealed by many insiders.Note: B5 biodiesel standard: 5% biodiesel & 95% traditional dieselCCM’s Industrial Biotechnologies China News athttp://www.cnchemicals.com/Newsletter/IndustrialBiotechnologyNews.shtmlNeed more information or to purchase this report, please contact CCM at econtact@cnchemicals.com or on +86 20 37616606
  2. 2. www.cnchemicals.comAbout Industrial Biotechnology China NewsIndustrial Biotechnologies China News focuses on biofuels, bio-products, bio-based chemicals, bio-materialsand industrial biotechnology applications, offers latest investment hotspots, new technology & product,company & market dynamics, and government regulations, aiming to facilitate your insight into Chinasindustrial biotechnology.About CCMCCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than150 dedicated highly-educated professionals. CCM offers Market Data, Analysis, Reports, Newsletters,Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer.Please visit http://www.cnchemicals.com for more information or contact econtact@cnchemicals.comCCM International, Ltd.Guangzhou CCM Information Science & Technology Co, Ltd.17th Floor, Huihua Commercial & Trade Mansion No, 80 Xianlie Zhong Road, Guangzhou 510070, ChinaNeed more information or to purchase this report, please contact CCM at econtact@cnchemicals.com or on +86 20 37616606

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