China: Biofuels Annual

The People’s Republic of PRC (PRC) bio-based diesel (BBD) exports are expected to drop following the EU provisional antidumping duties of up to 36.4 percent on biodiesel and hydrogenation-derived renewable diesel (HDRD), though sustainable aviation fuel will provisionally be excluded from further duties. The PRC adopted a series of new policies to promote domestic biodiesel and HDRD consumption. At the same time, ethanol production and demand are forecast to increase by 17 percent on low feedstock/corn prices while capacity remains unchanged.