Research and Markets: In 2007, China's Fuel Ethanol Output Reached 1.6 Million Tons, of Which 80% Used Corn as Raw Materials
DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c87741) has announced the
addition of "China Bioenergy Industry Report, 2007-2008" to their
offering.
In 2007, China's fuel ethanol output reached 1.6 million tons, of
which 80% used corn as raw materials. Based on the proportion 1:3.3,
more than four million tons of corn was consumed.
In 2008, China's fuel ethanol production capacity will increase
rapidly, thanks to several fuel ethanol projects to be put into
operation successively in the year. It is estimated that China's
annual fuel ethanol output will reach five million tons in 2010 and
utilization rate of ethanol gasoline will be more than 50%. Moreover,
corn-based ethanol has stopped expanding production capacity, as
government policies have clearly restricted the development of
grain-based ethanol. Therefore, developing non-grain ethanol has
become an inevitable trend.
China's domestic enterprises have accelerated biodiesel
development. China's some conglomerates have completed their trial
production of biodiesel, including China National Petroleum Corp.,
China's largest natural gas and crude oil producer, COFCO, the largest
importer and exporter of grains, and China National Off-shore Oil
Corp., China's largest off-shore oil producer. It is forecasted that
China's biodiesel output will increase rapidly in 2008 and 2009 and
will reach two million tons in 2010.
China's biological energy power generation has developed rapidly
and the total installed capacity has reached 2.2 million kW, of which
1.7 million KW was from Bagasse co-generation and 500,000 KW was
powered by agriculture and forestry wastes, methane, direct-burning of
rubbish and landfill gas. Generally speaking, efforts made to develop
biological energy are still limited, therefore, China's bioenergy has
a huge potential for future development.
China has sufficient raw materials resources for production of
biomass. Only the agricultural wastes can be converted into energy,
which is equivalent to 500 million tons of standard coal and 350
million tons of crude oil (about 2.5 billion barrels).
Chinese government has strongly supported the development of
bioenergy and has launched preferential policies for biomass energy
producers, including tax breaks and direct subsidies to some products.
Based on abundant information from the National Bureau of
Statistics and listed companies, this report makes an in-depth study
on the current situation, main categories, policy, development
potential and key enterprises of bioenergy industry, makes an analysis
of development characteristics of fuel ethanol, biodiesel, biomass
power generation and makes a comparison between profitability of fuel
ethanol by different raw materials. Additionally, this report also
forecasts the development trend of China bioenergy industry.
Companies Mentioned:
-Anhui BBCA Biochemical Co., Ltd
-Jilin Fuel Ethanol Co., Ltd
-Beihai Gofar Marine Biological Industry Co., Ltd
-Hainan Yedao (Group) Co., Ltd
-Petrochina Co., Ltd
-CNOOC
-Henan Tianguan Group Co., Ltd
-Huadian Power International Co., Ltd
-National Bio Energy Co., Ltd.
-Xinhua Zhongke Bioenergy Power Generation Co., Ltd
-Wuxi Huaguang Boiler Co., Ltd
For more information, visit
http://www.researchandmarkets.com/reports/c87741.
Research and Markets
Laura Wood
Senior Manager
Fax: +353 1 4100 980
press@researchandmarkets.com
Copyright Business Wire 2008
