05 March 2013 08:47 [Source: ICIS news]
SINGAPORE (ICIS)--China plans to initiate selling M25 methanol gasoline as an experiment in three cities, Xi’an, Baoji and Hanzhong in Shaanxi province, from 1 April, a source close to the Shaanxi Provincial Development and Reform Commission said on Tuesday.
The pilot period is expected to last half an year, the source said, adding that details of the scheme would be confirmed at the end of March.
Currently, Shaanxi produces about 6m tonnes of methanol every year, and it targets to achieve 20m tonnes by the end of 2015, a market source said.
Shaanxi forecasts that 260 methanol gasoline stations will be built by 2015, which shows a positive outlook for local methanol products, the market source added.
M25 methanol gasoline is blended with 25% methanol and 75% gasoline.
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