China ethanol plant completed ahead of schedule; execs glowing about rising Asian ethanol prices, steady costs
In China, the Tiger Ethanol announced that the Hami Ethanol plant is expected to complete construction in November, more than four months ahead of schedule. The plant’s owners notes that local ethanol prices have increased 15% for ethanol in the past seven months and 50% for distillers grains, while feedstock prices have remained steady. The plant will use a balance of 85 percent corn and 15 percent sugar.
The Hami plant is based in Xinjiang Province, in far western China, a poorer area targeted by the national government for biofuels-related development.
China has recently announced abandonment of ethanol projects that use foodstocks, excepting existing plants and those already under construction. China is the third-largest ethanol producer, behind Brazil and the US. Guangxi province has recently mandated E10.
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