Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Sinopec charts plans for more biofuel projects in major cities

By Zheng Xin | China Daily | Updated: 2020-06-11 09:58
Share
Share - WeChat
An employee displays a B5 biodiesel sample at a petrol station in Shanghai. [Photo/Xinhua]

China Petrochemical Corp, the country's largest oil refiner, vows to further step up its involvement in the biofuel market by continuing its B5 biodiesel project in Shanghai while accelerating research on B10 biodiesel.

B5 Biodiesel is a biofuel blend consisting of 5 percent biodiesel made from discarded oil from the catering industry and sewer pipes, and 95 percent petroleum diesel fuel. B10 biodiesel will result in the percentage of biodiesel going up to 10 percent.

The effort on B10 will likely exert a significant influence on the country's energy security while lifting the city's disposal capacity of kitchen waste, the company said.

The Shanghai unit of China Petrochemical Corp (Sinopec) said it has provided B5 biodiesel to the tens of thousands of vehicles in the city. The project has helped dispose of 30,000 metric tons of kitchen waste since the pilot program started in 2017.

The unit is currently capable of producing 400,000 to 600,000 tons of biodiesel each year. The B5 has also entered into the retail space after years of trying, with more than 40 percent of its 240 gas stations under the unit providing the B5 biodiesel.

To prepare for a future involving alternative fuels, Sinopec said it is mulling plans to expand its biodiesel stations to other major cities across the country.

With low carbon content, the alternative fuel has been widely used in developed countries including the United States.

Industry insiders believe while the more environment friendly fuel could help reduce the emission of pollutants like heavy metals and fine particles by more than 10 percent, low international oil prices pose a challenge to demand.

Daisy Maugouber, oil research associate at BloombergNEF, said while demand for ethanol and biodiesel will recover as restrictions from COVID-19-related lockdowns ease, the sharp decline in oil prices creates a more challenging competitive environment for biofuels.

If oil prices remain below $40/bbl, biofuels will struggle to gain market share beyond minimum blending mandates, capping their potential for growth, she said.

"Policy will carry an even greater weight in a low oil price environment as greater subsidies are required to ensure biofuels remain competitive. But necessary policy changes may be delayed as governments focus on the economic fallout from the virus," she added.

A report by BloombergNEF on the outlook for biofuels said after the price shock it has remained resilient since a greater proportion of commercial transport activity has continued throughout the crisis. This is in comparison with ethanol which has been hit the hardest during this period.

Biodiesel is expected to weather the crisis relatively better than ethanol on the back of increasing blend mandates in several markets such as Brazil, the US and Europe, the report said.

The slowdown in economic growth, however, could impact the outlook for diesel demand.

On the global perspective, exports of used cooking oil, a key biodiesel feedstock mainly sourced from restaurants and food manufacturers, have been disrupted by the lockdowns.

Exports from China, a major supplier of the waste oil to the global market, have been limited since the onset of COVID-19, causing disruptions that have cascaded down the biodiesel supply chain, Maugouber said in pointing to the report.

Li Li, research director at energy consulting company ICIS China, also expressed concern over the challenges that lie ahead in promoting large-scale use of biodiesel, especially against the backdrop of low oil prices.

The development of biodiesel in China has always been steady but slow, and large-scale production might still be a few years away, she said.

Li said only when crude oil prices surge and become unaffordable could alternative fuels be promoted on a national level. However, the decline in oil prices creates a tougher competitive environment for the biofuel industry.

Trash sorting in China might help with sourcing or collection of raw materials for biodiesel though, she said, adding that more breakthroughs in technology are essential to lower biofuel prices.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美三级在线观看播放| 荡公乱妇hd在线播放| 猫咪www免费人成网站| 女人扒开双腿让男人桶| 亚洲国产人成在线观看| 精品无人区麻豆乱码1区2区| 国产欧美日韩三级| 久久久久无码精品国产不卡| 美国omakmanta| 国产欧美综合一区二区三区| Aⅴ精品无码无卡在线观看| 日本bbwbbwbbw| 伊人久久大香线蕉免费视频| 高潮videossex潮喷另类| 成人免费淫片免费观看| 亚洲AV日韩AV永久无码色欲| 特级做a爰片毛片免费看一区| 国产精品成熟老女人视频| 一级做一级爱a做片性视频视频| 暖暖在线日本免费中文| 亚洲激情小视频| 麻麻张开腿让我爽了一夜黄文| 国语自产精品视频在线区| 中文字幕人成乱码中国| 激情久久av一区av二区av三区 | 色网站在线视频| 国产盗摄女厕美女嘘嘘在线观看| AAAA级少妇高潮大片在线观看 | 日本一二三精品黑人区| 无人视频在线观看免费播放影院| 亚洲人成影院在线无码按摩店| 调教15小男生gay脱裤子| 国产精品手机在线| a在线观看欧美在线观看| 成人午夜性a一级毛片美女| 久久影院最新消息| 真实的国产乱xxxx在线| 国产不卡免费视频| 97国产在线视频公开免费| 成人午夜福利视频镇东影视| 久久国产精品99久久小说|