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Novozymes in China biofuel project.

Novozymes and China National Cereals, China Oil & Foodstuff Corp (COFCO) and Asian refiner China Petroleum and Chemical Corp (Sinopec) in February to develop an industry chain to collect agricultural waste, process it into bioethanol and distribute the clean fuel through petrol stations, according to a report on Reuters.

It is likely to need around $13bn to support the whole Chinese biofuel industry, says Reuters.

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