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It is understood that the percentage of ethanol fuel blended with ethanol used in China is currently 10%. If the proportion of blended fuel is increased, it will need to be refitted. It also requires a lot of investment in circulation. The application of the new bioethanol fuel products and technology introduced by the company from South Korea will greatly increase the proportion of ethanol blended and burned, up to 85%, without renovating the automobile and its circulation. At the same time, the product has strong stability during use, and the pollutant emission is greatly reduced. The company hopes to increase the use of fuel ethanol and increase the scope of use by applying high technology and breeding new varieties of crops. It plans to use Beijing as the core to radiate to the world and become the world leader in the new bioethanol fuel industry. At present, the company is seeking cooperation with relevant Chinese enterprises and local governments on resource cultivation, production and circulation, and a high proportion of pilots.
In order to ensure the supply of raw materials, the company signed a letter of intent with the People's Government of Xingye County of Yulin City, Guangxi Province and the Dehong Dai Nationality Jingpo Autonomous Prefecture of Yunnan Province to plan the introduction of fine varieties to develop energy crops such as cassava using idle hills and slopes. The production base radiates the surrounding area and the total area can reach tens of millions of acres. At the same time, the company also signed letters of intent with Shandong Tonghai Port Industry Co., Ltd. and Qingdao Zhongluxin Industry & Trade Co., Ltd. to prepare to build a fuel blending plant and an ethanol production plant in Shandong Province. Cooperation with Shandong Hongxing Chemical Co., Ltd. Negotiate. The company also hopes to cooperate with national fuel sales companies or ethanol fuel fixed-point production companies to mix fuel products, establish standards, and gradually form a production and circulation system.
On November 18, Beijing Biao Fuel Technology Co., Ltd., which was established by Korea Industrial Development Corporation and Beijing Ideal Space Technology Development Co., Ltd., was established in the Great Hall of the People. The company will use cassava and other biomass resources as raw materials to produce a new type of biofuel with an ethanol blending ratio as high as 85%. It will also cooperate with Chinese companies and local governments to develop cooperation in product production and raw materials.