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China Shoots for 25% Biofuels by 2020
25 January 2007
Xinhua. The Chinese government plans to use liquid biofuels produced in rural areas to cut the country’s consumption of petroleum products by 10 million tons, or more than 25%, by 2020.
China is the world’s third largest oil importer after the United State and Japan, and imported a record-high 36.38 million tons (about 267 million barrels) of refined oil products last year, 15.7% up on 2005, to fuel an estimated annual economic growth of 10.7% percent.
In his State of the Union Address this week, US President George Bush unveiled his Twenty in Ten goal—a reduction in gasoline consumption of 20% in 10 years through the use of biofuels (15%) and increased fuel efficiency (5%). (Earlier post.)
January 25, 2007 in Brief, China, Fuels | Permalink | Comments (1) | TrackBack (0)
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Posted by: John Schreiber | January 26, 2007 at 04:53 AM
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If China's fuel usage grows at about half of last years rate until 2020, 10 Million tons will be a 10% reduction, in 2020. We cannot expect energy demand in most of the quasi developed world to remain stagnant. Look at the numbers, the Chinese are using less than 1/2 barrel of oil per person per year. Most people in the US pump the equivalent of that into their car every week. Someone please correct me if I am off base.