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
Guangzhou China Nov. 12,
2010 - According to the Middle
and Long-term program of
Renewable Energy Development,
issued by the State Council in
August 2007, biodiesel
consumption volume will reach
200,000 tonnes by 2010 and 2
million tonnes by 2020, and
China's total biodiesel capacity
by 2020 will be forty times
compared with that by 2005.
This program shows that Chinese
biodiesel 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 as
tax 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 biodiesel
standard will provide a legitimate pass for biodiesel to be sold in national gas stations and
alleviate the long-term lack of sales channels for biodiesel to a certain degree.
According to Industrial Biotechnologies China News November Issue, biodiesel still can not
compete 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 enterprises
have been continuously expanding their traditional diesel capacity in recent years.
Until now, only Hainan Province has implemented B5 biodiesel standard. However, in order to
promote biodiesel use in China, Chinese government will certainly popularize biodiesel use in
other provinces during 2011~2015, which will gradually improve the long-term undesirable
performance of biodiesel industry, revealed by many insiders.
Note: B5 biodiesel standard: 5% biodiesel & 95% traditional diesel
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2. www.cnchemicals.com
About Industrial Biotechnology China News
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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