China has suspended its plan to implement a nationwide gasoline blend containing...
BEIJING - China has suspended its plan to implement a nationwide gasoline blend containing 10% ethanol this year, three sources briefed on the matter said, following a sharp decline in the country’s corn stocks and limited production capacity of the biofuel.
Beijing announced in September 2017 that the national gasoline supply would contain 10% ethanol from 2020, part of a broad reform of its corn industry that at the time was suffering from a massive surplus. “The decision was made after further study, which suggests any promotion of ethanol gasoline must be based on the precondition that food security is guaranteed,” said one of the sources familiar with Beijing’s plan, in reference to declining grain reserves in China.
“This is definitely a step in the wrong direction, but it was not completely unexpected,” said Geoff Cooper, president of the Renewable Fuels Association, a U.S. industry trade group. “But even if implementation of the E10 target is delayed, we believe ethanol consumption will continue to grow in China as the government looks for low-cost ways to reduce air pollution in urban areas.”
NDRC, the National Energy Administration , CNPC and Sinopec did not immediately reply to faxes seeking comment.
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