The report, now available on ASDReports recognizes the following companies as the key players in the Biofuels Market in China: Fujian Zhongde, Henan Tianguan Enterprise Group, Jiangsu Yueda Kate New Energy, Longyan Zhuoyue New Energy and Ningbo Tech-Bank
Other Prominent Vendors in the market are: Shandong Jinjiang Bio-energy Technology, Ltd., Gushan Environmental Energy, Jilin fuel ethanol, Zhenghe Bio Energy, Tangshan Jin Lihai Biodiesel, Jiangsu Hengshunda Bio-Energy, and Guangzhou Devotion Thermal Technology.
Commenting on the report, an analyst said: “The biofuels market is highly driven by policies and mandates all across the globe. The biofuels market in China is mainly dominated by ethanol and there is a high preference for gasoline rather than diesel. Nine provinces in China have mandatory blending mandates of 10% ethanol. However, there is no government mandate on biodiesel blends or its use in transport or extensive support in encouraging biodiesel production.”
According to the report, the increasing depletion of conventional fossil fuels, and increasing GHG emission levels and volatile oil prices have given rise to the need for fuels, which are more efficient and cleaner. The rapidly decreasing fossil fuel reserves have given rise to renewable biofuels. With research and development efforts worldwide, biofuels have slowly and gradually moved to large-scale commercialization, which can perform similarly to petrol and diesel in terms of performance.
Further, the report states that inadequate supplies of non-grain feedstock and arable land hindering the market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Nov 2, 2015