China biodiesel industry encourages foreign investments

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Courtesy of Bergeson & Campbell, P.C.

On January 23, 2015, China's National Energy Administration issued a biodiesel industry development plan (available in Chinese) to improve the biodiesel sector. The plan encouraged the production of cleaner fuels as well as the use of renewable fuels by promoting foreign companies' participation in the industry; mergers, acquisitions, and restructuring of domestic biodiesel companies; and fuel blending of biodiesel. The plan will initially focus on the areas with the most air pollution controls, including Beijing-Tianjin Province and Hebei Province and the area around the Yangtze River Delta. New standards on the production of biodiesel should improve the environmental impact of biodiesel production as restrictions on the energy, freshwater, and waste disposal of the production go into effect within two years.

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