Fujian biodiesel supplier to suspend production

Fujian Zhongde Technology Stock Company, one of the top 10 biodiesel suppliers in China, will suspend its biodiesel production due to raw material cost hikes and a constant national guidance price on biodiesel. The biodiesel supplier will shift some of thee production capacity in its US$15 million, 100,000 ton biodiesel plant, which is scheduled to start production in January 2009 to producing high value-added chemicals. CFO Zhao Gang urged the Beijing to roll out policies to support the development of the local biodiesel industry. (June 23, 2008)