18-November-2017
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Economy News
 
China plans nationwide use of ethanol gasoline by 2020, state media says
13-Sep-2017

China plans to roll out the use of ethanol in gasoline nationally by 2020, state media reported on Wednesday citing a government document, as Beijing intensifies its push to boost industrial demand for corn and clean up choking smog.It's the first time the government has set a targeted timeline for pushing the biofuel, known as E10 and containing 10 percent corn, across the world's largest car market, although it has yet to announce a formal policy.Mandates requiring that a minimum amount of biofuel must be blended into fuel for the nation's cars, similar to the United States and Brazil, are currently set at a provincial level."This news has greatly boosted confidence inside the industry," said Michael Mao, analyst with Sublime China Information, adding that without government support ethanol would likely be too expensive to survive in the market.

News Source:- https://www.cnbc.com/2017/09/12/china-plans-nationwide-use-of-ethanol-gasoline-by-2020-state-media-says.html