By 2020 China is aiming for 30 percent aviation biofuels

China Petroleum & Chemical, also known as Sinopec, has applied to China's aviation regulator with the aim to produce aviation biofuel commercially. China is reportedly expected to use 12 million metric tons of aviation biofuel a year by 2020. This will equal about 30 percent of projected total jet fuel consumption, which in itself is predicted to double to 40 million metric tons a year. However, in order to sell aviation biofuel commercially, China needs to reduce its production costs. Read more ...