In 2018, China was the eighth-biggest market for U.S. ethanol exports, taking up 52.9 million gallons of the corn-based fuel, according to the RFA. Reaching the 2020 target would have required about 15 million tonnes of the biofuel annually, more than four times current output, or some 45 million tonnes of corn -- roughly 16 pct of the country's current consumption, according to Reuters.
(Source: BOE Report, ETAuto, Reuters, 8 Jan., 2020) Contact: China National Development and Reform Commission, en.ndrc.gov.cn
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China is set to have the largest biofuel production growth of any country. The rollout of 10 pct ethanol blending in a growing number of provinces and increasing investments in production capacity drive a tripling of ethanol production by 2024. Brazil registers the second largest growth, boosted by the introduction of the Renovabio programme in 2020. The United States and Brazil still deliver two-thirds of total biofuel production in 2024. (Source: IEA Renewables 2019 Report, Oct., 2019) Contact: International Energy Agency, Dr. Fatih Birol, Exec. Dir., +33 1 40 57 65 00, www.iea.org
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In 2016, Sunshine Kaidi announced plans to invest in and construct a €1 billion ($1.18 billion) biofuel refinery in Kemi, Finland, via its subsidiary Kaidi Finland. The Finnish government supported the plan and granted an emissions license to the Kaidi Finland project, which now seems unlikely to be developed.
(Source: Sunshine Kaidi New Energy Group, Caixin, Other Media, 15 June, 2018) Contact: Sunshine Kaidi New Energy Group, +86 27 6786 9001 - fax, +86 27 6786 9028 - tel., www.kaidihi.com
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