Novozymes and China National Cereals, China Oil & FoodstuffCorp (COFCO) and Asian refiner China Petroleum and ChemicalCorp (Sinopec) in February to develop anindustry chain to collect agricultural waste, process it intobioethanol and distribute the clean fuel through petrol stations, according to a report on Reuters.
It is likely to need around $13bn to support the whole Chinese biofuel industry, says Reuters.
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Novozymes in China biofuel project.
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