China to restrict fuel projects using grain, edible oil, NDRC

iStockAnalyst.com

Tuesday, April 26, 2011 9:20 PM

BEIJING, Apr. 27, 2011 (Xinhua News Agency) -- China will limit alcohol and biofuel projects that use grain and edible oil as raw materials in a bid to ensure grain supply, the National Development and Reform Commission said Tuesday.

The NDRC revealed in a catalogue of industry guidelines published on its website that the country will also restrict corn starch projects with annual corn processing capacity below 300,000 tonnes as well as soybean crushing projects outside major producing areas.

Read more