BOSTON, MA–(Marketwired – Apr 14, 2015) – China’s strategic shift toward alternative fuels in order to cut its reliance on foreign oil is creating huge opportunities, notably in natural gas vehicles (NGVs) and in the conversion of coal to ethanol, according to Lux Research.
The Asian giant bids to reduce foreign oil imports from the current 50% of domestic demand. What’s more, its plans to limit coal-fired power plants, on account of growing pollution, means that vast amounts of oversupplied coal are available for conversion to alternative fuels.
“While the opportunity for alternative fuels is vast, the opportunities are diverse — ranging from coal-to-ethanol and natural gas vehicles in the near-term to waste-to-liquids in the long term,” said Andrew Soare, Lux Research Senior Analyst and a contributor to the report titled, “Guiding Through the Dynamics of China’s Alternative Fuels Market.”
“Downstream partnerships with major state-owned energy heavyweights are particularly important for penetrating the transportation and fuel distribution network,” he added.
Lux Research analysts evaluated China’s alternative fuels landscape to assess opportunities and identified potential domestic partners across diverse feedstocks, technologies and fuels. Among their findings:
The report, titled “Guiding Through the Dynamics of China’s Alternative Fuels Market,” is part of the Lux Research Alternative Fuels Intelligence service.
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Contact:
Maggie DelRose
Lux Research, Inc.
857-264-5684
maggie.delrose@luxresearchinc.com