China slashes ethanol tariff from 30 percent to 5 percent effective January 1 as ethanol shortage looms

Biofuels Digest
December 20, 2009 Jim Lane

In China, the Foreign Ministry announced that ethanol import tariffs will be lowered from 30 percent to 5 percent, effective January 1. The Ministry also said that a 5 percent consumption tax may be imposed on top of the reduced tariff.

The government has previously set a target of 560 Mgy of ethanol consumption in 2010, with the target increasing to 2.8 Bgy by 2020, but restrictions on producing

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