TOUGHER TIMES LOOM FOR CHINA’S BIOFUELS BUSINESS
January 1st, 2010
BY MARK GODFREY
CHINA has been nothing but ambitious on its biofuels targets, and although its long term goals are impressive, short term food shortages will probably stunt growth. A lengthy drought last year in the country's central provinces has hurt grain output, while more recently the return of inflation in December 2009 is likely to convince Beijing to keep in place a ban on new capacity for processing grain or corn for biofuels. "While there are many companies involved in biofuels the outlook is not good at the moment due to the government limit on ...
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