12 January 2007 03:38 [Source: ICIS news]
By Keith Tan Liming
SINGAPORE (ICIS news)--PetroChina has signed an agreement with China’s State Forestry Administration to raise the country’s biofuels output by 2010, the Chinese energy major said late on Thursday.
PetroChina and the ministry would develop land, first in Yunnan and Sichuan provinces, to grow biofuels feedstock, it said in a statement.
The project will span an area of more than 6m acres (24,281 square kilometres) by 2010, it added.
PetroChina will also expand its ethanol capacity to over 2m tonnes/year, or more than 40% of the country’s output, using non-grain feedstock, it said.
It will also produce 200,000 tonnes/year of biodiesel, it added.
The project would be in line with the country’s strategy to develop sustainable fuels, PetroChina said. It added that the development would also boost farmers’ incomes and reduce the country’s greenhouse gas emissions.
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