Tag: CHina

Traders cancel cargoes as China seen boosting ethanol import duty to 30%

Traders cancel cargoes as China seen boosting ethanol import duty to 30%

January 16, 2017 |

In China, as many as seven cargos of US ethanol—as much as 443,000 cubic meters—set for import through March have been canceled as the government looks to likely boost import taxes in an effort to protect its market that needs to absorb millions of tons of spoiled corn, predominantly in the form of ethanol and […]

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China slaps punitive tariffs on US ethanol and DDG exports

China slaps punitive tariffs on US ethanol and DDG exports

January 15, 2017 |

In China, the national government slapped the US ethanol industry with heavy tariffs that went into effect last Thursday. U.S. farmers say the tariffs will cost U.S. agriculture at least $2B per year. Preliminary tariffs on U.S. DDG, totaling more than 40 percent, were imposed by China several months ago, causing the price of DDG […]

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China lobs anti-dumping duties on American DDGS imports

China lobs anti-dumping duties on American DDGS imports

January 11, 2017 |

In Washington, the US Grains Council says the announcement Tuesday by China’s Ministry of Commerce (MOFCOM) that it will subject U.S. distiller’s dried grains with solubles (DDGS) to anti-dumping and countervailing duties (AD/CVDs) is the latest in a rash of measures taken by the Chinese government to restrict access to that market for U.S. feed […]

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China to push hard for PLA and ethanol as it eats through giant corn glut

China to push hard for PLA and ethanol as it eats through giant corn glut

January 3, 2017 |

In China, the government announced it will push for a major boost in bioplastics production in an effort to eat its way through its giant corn glut, in addition to boosting ethanol production from corn through 2020. The focus on PLA is a way to add value to the more than 200 million metric tons […]

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China to announce ethanol import taxes by end-January

China to announce ethanol import taxes by end-January

December 27, 2016 |

In China, the government is expected to set import taxes for ethanol by the end of January. Last Friday, a list of import duties on a wide range of products was released but ethanol wasn’t included. Typically ethanol imports are hit with an 80% tariff, lowered to 30% for Brazil and the US, but those […]

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Kaidi gives the green light for EUR1 billion biodiesel investment in Finland

Kaidi gives the green light for EUR1 billion biodiesel investment in Finland

December 8, 2016 |

In Finland, China’s Kaidi has agreed to go ahead with the EUR1 billion investment in a biodiesel plant in the northern part of the country, with a groundbreaking set for sometime next year. The company is currently in negotiations with potential investors to ensure that the financial backing is in place before moving forward. Last […]

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China to open up to more international investment including for ethanol

China to open up to more international investment including for ethanol

December 7, 2016 |

In China, the central government has published draft guidelines for foreign investment to help “increase openness with the outside world,” with industries such as corn processing and fuel ethanol seen as target sectors for foreign investment. It includes cutting the list of prohibited sectors where foreign investment is allowed to 62 from 93. The US […]

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China seeks to double ethanol production by 2020

China seeks to double ethanol production by 2020

December 5, 2016 |

In China, the country is looking to double ethanol production to 4 million metric tons by 2020 as it aims to work through its untenable grain stocks. The country had aimed for 4 million tons of ethanol production by 2015 but its tight hold on grain kept that from happening. Second-generation from crop waste associated […]

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Chinese ethanol imports slip in October due to corn glut but US cargoes loading

Chinese ethanol imports slip in October due to corn glut but US cargoes loading

November 28, 2016 |

In China, the closing ethanol arbitrage window has been closing due to a glut of corn on the domestic market, helping to cut imports in October to 1,191 cu m, the lowest import figure in 17 months. The majority of imported ethanol was denatured fuel coming from South Africa, while volumes from the US, Japan […]

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Hong Kong UCO biodiesel producer looks to expand to the mainland

Hong Kong UCO biodiesel producer looks to expand to the mainland

November 4, 2016 |

In China, Bahrain-based ASB Biodiesel is looking to set up a UCO biodiesel facility in the Pearl River Delta on the Chinese mainland following its successful 2014 launch of a 100,000 ton per year facility in Hong Kong. The current facility collects UCO from Hong Kong, Singapore and Guangdong province, and expects to operate at […]

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