China Will Put 10% Ethanol in its Gasoline by 2020
Government promotes use of biofuel over fossil fuel to help thwart pollution
https://www.oilandgas360.com/china-will-put-10-ethanol-gasoline-2020/
Shares in biofuel producers rallied on the news, with Shandong Longlive Bio-Technology Co Ltd surging 10 percent, on track for its biggest one-day gain since December 2015. Major producer COFCO Biochemical Anhui Co Ltd, a listed unit of state-owned grains trader COFCO, was up almost 6 percent.
A renewed effort to promote the nation’s fledging biofuels industry will be a further blow to major oil producers.
https://www.reuters.com/article/us-china-biofuels/china-sets-2020-target-for-nationwide-ethanol-use-to-cut-corn-stocks-idUSKCN1BO03R
He also wonders about ADM’s assessment that China will rely on importing 11.4 billion litres of ethanol rather than rapidly building production capacity at home.
“I never underestimate China’s ability to build things and to get those things going in a hurry if they put their mind to it,” said Burnett.
https://www.producer.com/2018/05/china-ethanol-could-lift-grain-prices/
China To Invest $83B In U.S. Shale
Earlier this year, China has approved the merger between its biggest coal producer Shenhua Group Corp, and one of the top five state power companies, China Guodian Corp, in a deal that would create the world’s largest power company by installed capacity and with assets worth $271 billion. That company is now called China Energy.
West Virginia has also approved several infrastructural upgrades that will facilitate the transportation of shale gas in the state to nearby processing facilities. The U.S. Federal Energy Regulatory approved the Atlantic Coast and Mountain Valley pipeline projects on last month. The Dominion Energy’s Atlantic Coast pipeline project will run from West Virginia to North Carolina, taking Marcellus Shale gas to the Southeast. EQT Midstream Partners’ Mountain Valley pipeline will run from West Virginia to Virginia. Both projects are highly controversial and still need state permits.
https://oilprice.com/Latest-Energy-News/World-News/China-To-Invest-83B-In-US-Shale.html