China: Biofuels Annual
China’s 2014 fuel ethanol production is forecast to reach 2.8 billion liters, up six percent from the previous year due to fuel consumption growth in provinces with a blend mandate. 2014 biodiesel production is forecast at 1.13 billion liters, an increase of only five percent from last year, as producers react to lower profits. Fuel ethanol production is lagging behind the government’s 12th five year plan due to shortage of non-grain feed stocks and policies that limit grain-based ethanol production. China imported a 10,500 ton shipment of ethanol in early 2014, reportedly as part of a trial study by a state oil company. Future imports, while economically viable, will require changes
to national energy policies and regulations.
