China set for ethanol binge as Beijing pumps up renewable fuel drive

Beijing

CHINA'S bold plan to blend renewable fuels into its petrol supply within three years will revolutionise its fledging biofuels industry, industry players said, likely spurring billions of dollars in investment in ethanol factories.

On Wednesday, state media reported that Beijing plans to roll out the use of a petrol known as E10 - containing 10 per cent ethanol - across the world's largest car market by 2020. It is the first formal timeline in a radical pu…