(Notícia em Inglês)
While China reaches ever further overseas to secure energy supplies, some Chinese businesses at home are coming up with increasingly creative ways of tapping into new energy sources. Take the story of one small company in Fujian province that has captured a local niche market: collecting waste oil from restaurants and factories and turning it into biodiesel and chemicals that can be sold at a handsome profit.
The five-year-old biodiesel business of China Clean Energy has got a big boost from the government’s vows to cut carbon emissions. According to its chief financial officer, William Chen, the New York-listed company has seen its revenues quadruple this year compared with 2009.
“Recently there was a government policy that requires power generators to reduce emissions, so some of the power generation plants have started shifting their regular petroleum diesel to biodiesel,” explains Chen.
blogs.ft.com»
While China reaches ever further overseas to secure energy supplies, some Chinese businesses at home are coming up with increasingly creative ways of tapping into new energy sources. Take the story of one small company in Fujian province that has captured a local niche market: collecting waste oil from restaurants and factories and turning it into biodiesel and chemicals that can be sold at a handsome profit.
The five-year-old biodiesel business of China Clean Energy has got a big boost from the government’s vows to cut carbon emissions. According to its chief financial officer, William Chen, the New York-listed company has seen its revenues quadruple this year compared with 2009.
“Recently there was a government policy that requires power generators to reduce emissions, so some of the power generation plants have started shifting their regular petroleum diesel to biodiesel,” explains Chen.
blogs.ft.com»