Shell to buy 150,000 tons of biodiesel from Jiaao Enprotech for $155M

In China, Yicai Global reports Shell will buy 150,000 metric tons of EU-standard biodiesel from Jiaao Enprotech for $155 million over three years. The company currently produces 50,000 tons per year, but its expansion project should be online soon. In previous years, the company has supplied Shell with less than 4,000 tons of biodiesel annually. The majority of the company’s biodiesel production goes towards use in green chemicals rather than for transportation fuel but produces at EU standard to allow for export of surplus supplies.