CHINA CURBS CORN ETHANOL PROJECTS
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sign it wants to closely-regulate production of the environmental fuel
at a time of rising grain prices.
The National Development and Reform Commission (NDRC), the main
economic planning body, has told local governments to stop approving
new projects that process corn for "industrial use", Xinhua
reported yesterday.
Ethanol, often derived from corn, is used as a clean-burning petrol
additive. It is common in countries such as the US and Brazil but
production and use in many Chinese provinces is still in an
experimental phase.
Beijing has ordered a halt to new ethanol projects involving corn, a
sign it wants to closely-regulate production of the environmental fuel
at a time of rising grain prices.
The National Development and Reform Commission (NDRC), the main
economic planning body, has told local governments to stop approving
new projects that process corn for "industrial use", Xinhua
reported yesterday.
Ethanol, often derived from corn, is used as a clean-burning petrol
additive. It is common in countries such as the US and Brazil but
production and use in many Chinese provinces is still in an
experimental phase.
By Andrew Yeh in Beijing (FT)
Thursday, December 21, 2006