Beijing’s mandate – known as the E10 target – was conceived as a way to use the country’s huge state corn supply and reduce pollution in the world’s largest car market by using the cleaner-burning fuel. Photo: Reuters
China suspends ethanol mandate, likely reducing need for US biofuel imports under trade war deal
- New programme was suspended after a sharp drop in national corn stocks and limited production capacity for the biofuel
- The US had expected China to buy large quantities of ethanol as part of phase one trade deal agreement to double imports over two years
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Beijing’s mandate – known as the E10 target – was conceived as a way to use the country’s huge state corn supply and reduce pollution in the world’s largest car market by using the cleaner-burning fuel. Photo: Reuters
