Petrochina plans to install new biofuel facilities
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.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models