« Another Ethanol Plant Gets Cancelled | Home | Dairy Farmers Prepared For Ups And Downs »
China To Offer Support Policies For Non-Food Biofuels
By Mr Ethanol | December 14, 2007
News Xinhua Net:
China’s Ministry of Finance (MOF) has drawn up policies to promote the production of non-food sources for biofuels, a senior MOF official told a Beijing energy conference.
The ministry will use subsidies and other forms of financial support to reduce the risks of producing these sources, said Zeng Xiao’an, deputy director of the MOF’s Department of Economic Development, at a synthetic fuel forum held in Beijing Thursday.
“We have worked out a complete set of policies to support non-food biofuels, as they are clean energy sources with a limited negative impact on the environment,” Zeng said.
Flexible subsidies will be offered to biofuel producers who lose money on crops when crude oil prices are low, he said, and the government would encourage enterprises to reserve funds to offset such risks.
Farmers will receive a 3,000-yuan (405 U.S. dollars) subsidy for each hectare of forest products for biofuels, such as ethanol and bio-diesel, and 2,700 yuan for each hectare of crops for biofuels, Zeng said. More.
Topics: Biodiesel, Biofuel, Ethanol, Money, News |
Related Posts
- China Mulls Banning Food In Ethanol Fuel Production
- US, China Working On Biofuel Pact
- Bizbits: Chinese Ethanol
- Brazil’s Counterattack On Biofuels
- US Energy Bill: Subsidizing China
- Ethanol Should Not Be Getting Special Breaks
- Ethanol And Beyond
- Hoyer Backs Smaller Tax Credit For Ethanol
- All Biofuels Are Not The Same
- Ethanol Company Chief Bullish On Renewable Fuel’s Future
New Way Of Making Easy Money Online