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PetroChina plans $1.3 bln on alternative fuels
BEIJING, Sept 17 (Reuters) — PetroChina, Asia's top oil and gas firm, plans to spend 10 billion yuan ($1.33 billion) by 2020 to develop alternative fuels, Chinese media reported on Monday, enticed by record high oil prices. The money would be spent on projects including coalbed methane (CBM)—gas trapped in coal mines—ethanol and biodiesel, the China Securities Journal quoted the company's vice president, Hu Wenrui, as saying. PetroChina set up a unit a year ago to focus on alternative and renewable fuels, a business that takes up just a fraction of the Chinese giant's massive oil business. PetroChina would start up a facility to process 3 billion cubic metres of CBM a year, the largest of its kind in China, next year, the newspaper said. China, which boasts the world's largest CBM reserve after Russia and Canada, is at an early stage of developing the gas for commercial use. PetroChina has also built an ethanol plant with annual production of 500,000 tonnes, operating 88 blending facilities that supply 55 percent of the country's ethanol-blended gasoline, the report said. The Chinese energy giant also aims to establish 6 million tonnes of biodiesel capacity, with its pilot plant to start operations in 2008 in the southwestern province of Sichuan, to produce 60,000 tonnes of the fuel a year, the report said. It did not specify the feedstocks of the biodiesel. Beijing wants to move away from corn, now the feedstock for most Chinese biofuel, amid concerns over food shortages and high inflations.
Date: 17.09.2007 Comments:Leave your comment
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biodiesel refinery sold
The above refinery has been sold. For business inquiries to Froehlich Industries, you can email: harrisrta1@yahoo.com.
R. Harris, 12.10.2009 15:46:19
Biodiesel refinery for sale
Our company, Froehlich Industries, is a USA firm that is consulting & importing for the biodiesel market. One of our global clients is currently selling their proprietary modular (transesterification) refinery which converts oil feedstocks into biodiesel. The refinery uses many oil feedstocks, including palm oil, rapeseed, jatropha, soya, etc; The production capacity is approx 20,000 tons/year and meets European/US specs. The complete modular system weighs approx 42 tons and is ready for immediate shipment (upon inspection & consult). This system is great for alternative feedstocks such as rapeseed, palm, jatropha, or canola. This equipment would be best for an experienced company to add to your product lines or for any of your new global projects in the US, Latin America, Asia or Eastern Europe. For pictures, details & price - email: harrisrta1@yahoo.com
R. Harris, 01.12.2008 23:58:13