NewEnergyNews: ALT FUELS IN CHINA

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    Friday, April 17, 2015

    ALT FUELS IN CHINA

    Alternative Fuels in China Can Replace Up to 483 Billion Gallons of Gasoline in 2020…

    April 14, 2015 (Luux Research)

    “China’s strategic shift toward alternative fuels in order to cut its reliance on foreign oil is creating huge opportunities, notably in natural gas vehicles (NGVs) and in the conversion of coal to ethanol, according to Lux Research…The Asian giant bids to reduce foreign oil imports from the current 50% of domestic demand…[P]lans to limit coal-fired power plants, on account of growing pollution, means that vast amounts of oversupplied coal are available for conversion to alternative fuels…China’s push toward liquefied natural gas (LNG) has brought new opportunities for players in the fast-rising natural gas vehicle (NGV) market. Initiatives aim at a target fleet of 1 million heavy-duty NGVs…Coal-to-ethanol is a short-term winner on account of the huge quantities of coal available in China…China has humungous renewable foodstock resources, estimated at 123 billion gallons of gasoline equivalent per year (BGGEY) and fossil resources (coal and natural gas) worth 360 BGGEY by 2020. However, logistical barriers exist, notably in biomass and waste collection…” click here for more

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