China’s development in biomass energy

China, the world’s leading coal user and polluter it tries an aggressive development in the biomass industry.

The Chinese central government has established policies boosting biomass energy development.

Lots of multinational energy companies, including BP, American International Petroleum, BASF and DuPont, as well as the major Chinese players (CNPC, Sinopec and CNOOC) are expanding into the biomass energy sector through direct investments.

China National Petroleum Corporation (CNPC) entered into a cooperation framework agreement with the government of Shandong province, on 4 March to create a fuel ethanol and biodiesel production facility.

Following this agreement, Sinopec formed a cooperation agreement with China’s largest food processing manufacturer and trader, COFCO.

Both companies will jointly build a fuel ethanol manufacturing facility that over the next five years will have an annual capacity of 100,000 tons.

During the 2011-2015 period, the country plans to increase the annual usage of ethanol fuel to three million tons by 2015.

A development strategy report from the Chinese Academy of Engineering states that biomass energy capacity in China is twice that of hydropower and 3.5 times that of wind power.

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Posted by on Jul 6 2011. Filed under _featured slider, Analysis & Features, Asia, Biomass, BUSINESS, Energy Market, INDUSTRY, MARKETING, WORLD. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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