China is set to expand its production and consumption of bioethanol in 2018, according to the country’s State Administration of Grain.
The move comes as China seeks more channels to use its grain and corn stockpiles, according to Brinkwire.com.
Continued state support for corn farmers has left China with a substantial stockpile of grain and corn. Data from the country’s National Bureau of Statistics showed about 618 million tonnes of grain were produced in 2017, the second highest output in history. The same year, the State Administration of Grain (SAG) announced a plan for nationwide use of bioethanol gasoline by 2020.
In an announcement outlining its work priorities for 2018, the (SAG) said it would accelerate the use of grain stockpiles and reform grain storage mechanisms to make them more market-oriented, the Brinkwire release states.