China's biodiesel need is predicted to go sky-high

Cheok Soh Hui
March 2007
ICIS Chemical Business;3/19/2007, Vol. 2 Issue 58, p12
Trade Publication
The article predicts that Chinese demand for biodiesel is expected to grow at 122% annually from 2005-2010, according to analysts, while global demand is expected to jump to 619 million tons in 2010 from 36 million tons in 2006. A number of companies in China are investing in biodiesel plants due to the promise of government subsidies and growth prospects along with the forecast. They include China Agri Industries, China National Petroleum Corp. and China National Offshore Oil Corp.


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