Petrochina plans to install new biofuel facilities
Petrochina Co Ltd, China's largest oil and gas producer, has announced plans to invest 800 million yuan (about $110 million) to build a non-grain ethanol plant in the southern region of Sichuan, in Nanchong. The expected output of the plant is about 100,000 tons of ethanol per year.The company also recently announced an agreement with the State Forestry Administration to build a "biomass base" to grow plants in Yunnan and Sichuan provinces to produce raw materials for a new biodiesel plant, able to produce up to 60,000 tons per year, totaling 180 million yuan (about $25 million).
China's plans for 2020 are to produce 10 million tons of ethanol per year, along with two million tons of biodiesel.
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[Source: Abcmoney]
Reader Comments (Page 1 of 1)
TX CHL Instructor 8:50PM (12/31/2007)
I'm all for China developing ethanol. Anything that weakens their economy is good for the rest of the world, because it makes it harder for them to continue the current massive military buildup. Let them fritter away their national wealth on a mediocre and uneconomic fuel, by all means.
Let's just not follow their example.
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