China Biodiesel International Holding is on track to meet market estimates for 2008, as trial production is expected to begin at its new plant at Xiamen, which will double the company’s design capacity to 100,000 tonnes a year.
This figure is nearly four times last year’s output.
The biodiesel producer said though global inflation in vegetable and animal oil prices has continued to exert competitive pressures, it has moved to higher margin output through increased production of B1 and B2 biodiesel.
The two types of biodiesel are used as a substitute for petrochemical products in the manufacturing industries, and are free of the pricing pressures caused by government price controls on diesel fuels.
Filed under: China
