The status quo of the biodiesel industry: the favorable policy of painting cakes and filling the hunger business prospects unknown

In the past few years, the Chinese government has not paid much attention to the development of biodiesel. According to the Medium and Long-term Development Plan for Renewable Energy formulated by the National Development and Reform Commission in 2007, by 2020, the proportion of renewable energy in China's energy structure will reach 16%, of which the production capacity of biodiesel will reach 2 million tons/year.

In 2015, the National Energy Administration issued the “Biodiesel Industry Development Policy” (hereinafter referred to as “Policy”), which regulated the major issues in the biodiesel industry and clearly defined the market position of biodiesel for the first time. The "Policy" not only provides clear instructions on industrial development goals and development plans, but also puts specific requirements on industrial layout, industry access and policy implementation and supervision, and even covers the management methods and principles for local relevant departments to promote industrial development in the region. The "Policy" re-emphasizes that "product oil enterprises should follow the planning layout, build biodiesel blending fuel distribution centers based on existing oil depots, and include all qualified products in the annual target of biodiesel production and promotion into the sales system; The purchase price is equivalent to the same price as petrochemical diesel. The release of the "Policy" not only gives biodiesel a legal identity, but also escorts it for development.

However, in the face of the real market, biodiesel companies are struggling. At present, the domestic biodiesel market has not seen improvement, and most of the manufacturers are in a state of downtime, some have been transformed or on the road of transformation; manufacturers capable of starting up (production according to order demand, mostly exports), relying solely on biodiesel deep processing plasticization The agent is alive; because in the context of low oil prices, the biodiesel blending market has no market at all. How long will this last? No one can be sure; in theory, if the crude oil can't reach 70-80 knives, the biodiesel industry will have a hard time improving.

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