Petrochina plans to install new biofuel facilities

Petrochina Co Ltd, China's largest oil and gas producer, has announced plans to invest 800 million yuan (about $110 million) to build a non-grain ethanol plant in the southern region of Sichuan, in Nanchong. The expected output of the plant is about 100,000 tons of ethanol per year.
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.

[Source: Abcmoney]

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