Boston, USA: In order to reduce imports of foreign oil, China is making strategic shift towards alternative fuels, which have potential to replace up to 483 billion gallons of gasoline in 2020, according to Lux Research\u2019s new report, \u2018Guiding through the dynamics of china\u2019s alternative fuels market\u2019. The changes in China\u2019s strategy are creating huge opportunities, notably in natural gas vehicles (NGVs) and in the conversion of coal to ethanol, added the report.<\/p>\n
The Asian giant bids to reduce foreign oil imports from the current 50% of domestic demand. What’s more, its plans to limit coal-fired power plants, on account of growing pollution, means that vast amounts of oversupplied coal are available for conversion to alternative fuels.<\/p>\n
Andrew Soare, Lux Research Senior Analyst and a contributor to the report, said, \u201cWhile the opportunity for alternative fuels is vast, the opportunities are diverse – ranging from coal-to-ethanol and natural gas vehicles in the near-term to waste-to-liquids in the long term. Downstream partnerships with major state-owned energy heavyweights are particularly important for penetrating the transportation and fuel distribution network.\u201d<\/p>\n
China\u2019s push toward liquefied natural gas (LNG) has brought new opportunities for players in the fast-rising natural gas vehicle (NGV) market. Initiatives aim at a target fleet of 1 million heavy-duty NGVs, creating the material and device demands for LNG storage and transportation.<\/p>\n
\u201cCoal-to-ethanol is a short-term winner on account of the huge quantities of coal available in China. With Chinese energy giants and academic institutes leading research, coal-to-ethanol is poised for large-scale commercialisation,\u201d added Lux Research report.<\/p>\n
China has humungous renewable foodstock resources, estimated at 123 billion gallons of gasoline equivalent per year (BGGEY) and fossil resources (coal and natural gas) worth 360 BGGEY by 2020. However, logistical barriers exist, notably in biomass and waste collection.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, USA: In order to reduce imports of foreign oil, China is making strategic shift towards alternative fuels, which have potential to replace up to 483 billion gallons of gasoline in 2020, according to Lux Research\u2019s new report, \u2018Guiding through the dynamics of china\u2019s alternative fuels market\u2019. The changes in China\u2019s strategy are creating huge opportunities, notably in natural gas vehicles (NGVs) and in the conversion of coal to ethanol, added the report. The Asian giant bids to reduce foreign oil imports from the current 50% of domestic demand. What’s more, its plans to limit coal-fired power plants, on account […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-10680","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/10680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=10680"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/10680\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=10680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=10680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=10680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}