Then China is just repeating Brazil. Brazil was one of the few countries that could pull off biofuels in a real way. But it was a unique situation, and it doesn’t work elsewhere.
The problem is that biofuel costs ballooned some years ago and I don’t know a single person that still uses it since you get more km with regular gas, biofuels had a sweet magic price for some time but it has gone way up.
That’s true of ethanol, but not biodiesel. High cost is a consequence of insufficient supply. Basically, it was how the market stopped further biofuel growth.
Then China is just repeating Brazil. Brazil was one of the few countries that could pull off biofuels in a real way. But it was a unique situation, and it doesn’t work elsewhere.
The problem is that biofuel costs ballooned some years ago and I don’t know a single person that still uses it since you get more km with regular gas, biofuels had a sweet magic price for some time but it has gone way up.
That’s true of ethanol, but not biodiesel. High cost is a consequence of insufficient supply. Basically, it was how the market stopped further biofuel growth.