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China's ambitious push to use ethanol in doubt as US trade rift widens

The slowdown comes as a brewing trade dispute with the United States intensifies, raising the threat of further tariffs that could make imports of US corn or ethanol to meet any shortfall in domestic

Reuters  |  BEIJING/CHICAGO 

China's ambitious push to use biofuel in cars nationwide by 2020 is in doubt amid concerns about supplies of raw material such as corn, complicated by an escalating trade dispute with Washington, producers and analysts say. In September last year, the government outlined radical plans to roll out the use of ethanol in gasoline nationally by 2020, in part to digest its huge corn stocks. State-controlled producers, like China's State Development & Investment Corporation (SDIC), agribusiness COFCO and Jilin Fuel, rushed to draw up plans to invest billions of yuan to double ...

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First Published: Thu, July 05 2018. 19:16 IST
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