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

More than 10 new ethanol plants are planned in the north-eastern corn belt, most will go on line next year

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China's move to revolutionise its biofuels industry doubles up as part of the government's effort to boost industrial demand for corn. Beijing must find a way to work off a stockpile of 200 million tonnes of corn.

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

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