Chinese biodiesel wins court case against Sinopec over fuel monopoly

December 22, 2014 |

In China, the Kunming Intermediate People’s Court has ruled in favor of Yingding Biofuel Technology Co in a monopoly suit against Sinopec, where the company claimed the national oil company was blocking penetration of its fuel into the market. Even though the company only produces 15,000 tons of biodiesel annually, it says its fuel can compete in the market. The case has been hailed as a landmark ruling, but both companies are expected to appeal. The case only applied to Sinopec in Yunnan province but Yingding wants recognition of the monopolistic practices nationwide.

 

 

 

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.